A strong 88 percent jump in Knutsford Express’ fourth quarter revenues to May this year, slowed to 44 percent in the August quarter, to reach $103.4 million, up from $71.9 million in the 2013 quarter, producing only a 20 percent rise in net profit of $17 million.
The growth from continuing operations is greater than the figures on the surface suggest as 2013 figures include $4.7 million in one off income, excluding this, profit before tax would have climbed an impressive 44 percent, in line with the growth in revenues. Earnings per share ended at 17 cents for the August 2014 quarter, with signs of continued growth in revenues, earnings for the 2015 fiscal year should end up around 80 cents to $1 per shares
With such earnings, the stock at a $5 price has an interesting valuation, with some growth potential, that could put in the stock price somewhere in the $8-10 range over the next nine months or so. The company’s finances continue to be healthy, with little debt, equity of $177 million and cash of $67 million. For the 12 months to May, this year, pretax profit climbed marginally to $56 and the May 2015 profits seems set to far surpass this amount.
The company provides a passenger coach service from Kingston to Negril via the north and south coast of Jamaica, several times per day.
Knutsford Express profit grows
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[…] Improving profit out turn has made the situation worse. Stocks trading in the junior market are, Knutsford Express fresh from reporting a 92 percent increase in pretax profits for the February quarter and 45 percent […]
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[…] with 44,000 units at $2.20, Jamaican Teas debenture ended with 14,000 units trading at $100 and Knutsford Express finished with 4,175 units with the price falling […]
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[…] that had no stocks being offered for sale. At the close, Honey Bun traded 4,686 shares at $1.95, Knutsford Express Services closed with 15,000 shares trading, 5 cents lower at $5.80, Lasco Distributors ended trading with […]
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[…] Knutsford Express Services traded over 5 million shares at a new high of $5.85 on the Junior Market. Trading ended with 6,061,987 units valued at $30,930,731. The JSE Junior Market Index rose 12.60 points to close at 669.22, only 5 securities traded, with the price advancing. At the close of the market, there were 2 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market continues to exhibit weakness with 8 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale. Caribbean Producers finished trading with 185,826 shares, and closed with a gain of 26 cents at $2.26, Jamaican Teas concluded trading with 100 shares to end 10 cents higher, at $3.40, Knutsford Express exchanged 5,020,011 shares with a gain of 40 cents to a new 52 weeks’ high of $5.85. The company will benefit from lower fuel prices with the fall in the price of oil on the world market. Lasco Distributors had dealing in 819,050 shares as the price ended 4 cents higher, to $1.36. Consolidated Bakeries with 37,000 shares trading, closed at 82 cents. […]
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[…] in 11,949 General Accident shares, as the price closed with a gain of 2 cents, to end at $1.55, Knutsford Express concluded trading with 2,500 units, with a decline of 1 cent to $5.49, AMG Packaging ended trading […]
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[…] Market Index increased 0.32 points to close at 663.86 as 3 stocks advanced and 3 declined with Knutsford Express closing at a new all time high. At the close of the market there were 3 stocks with their bids […]
[…] market Knutsford Express, enjoyed a very profitable 2014 with a 92 percent increase in pretax profit for the February […]