1834 Investments Reports Strong Growth in Profit

• For the year ended March 31, 2020, 1834 Investments Limited reported audited net profit of $40.59Mn (EPS: 3.35¢), up by $35.04Mn, relative to the $5.55Mn reported in 2019.
• This improvement was driven by a 73.4% (or $40.44Mn) increase in total revenues and $36.65Mn rise in share of profit from associates, which outstripped the 38.1% (or $17.54Mn) increase in other operating expenses and a 19.4% (or $4.74Mn) rise in administrative expenses.
• This improvement in the bottom line was also supported by no fair value loss on investment properties for the reporting period, which represents an improvement from the $31.41Mn loss reported in the prior year.
• The stock price has fallen 5.6% since the start of the year. 1834 Investments closed Wednesday’s trading session at $1.01 and is currently trading at a P/E of 30.1x, which is well above the Main Market Financial Sector Average of 15.0x.

(Source: 1834 Investments Financials)