May 30, 2018

138SL’s Income increased by 65% to $411.92 million relative to the $248.96 million recorded for the corresponding six months period the prior year. Other operating income also increased for the six months period, growing 17% to 15.87 million relative to $13.52 a year earlier. Revenue for the second quarter rose 56% to $220.27 million (2017: $140.91 million), while other operating income climbed 33% to $8.61 million (2017: $6.47 million).

Administrative expenses increased by 77% to amount to$203.42 million (2017: $115.27 million). Operating profit amounted to $224.36 million, an increase of 52% compared to $147.25million that was reported for the comparative period the year prior.

The company also reported finance cost of $228.46 million (2017: $138.96 million) a 64% increase year on year.

Losses before taxation for the six months period amounted to $4.10 million compared with the profit of $8.30 million for similar period last year. Following tax credits of $7.22 million (2017 tax credit: 18.49 million), net profit totalled $3.12 million, compared to a profit of $26.79 million recorded in 2017. This represented a dip of 88% in net profit. Net loss for the second quarter amounted to $1.76 million relative to a net profit of $15.82 million.

Earnings per share (EPS) for the period amounted to $0.008 relative to earnings per share of $0.065 a year earlier. The loss per share for the quarter totalled $0.004 in contrast to an EPS of $0.038. The twelve month trailing EPS $0.11 the amount of shares used in this calculation was 414,500,000.

Total comprehensive income amounted to $3.12 million. As of May 30, 2018 the stock traded at $5.09.

Balance Sheet at a Glance March 31, 2018:

As at March 31, 2017, total assets increased by 20%  to $8.08 billion. This increase was primarily driven by a 65% increase in financial asset-service concession to $7.26 billion (2017: $4.39 million).

Shareholders’ equity totalled $2.73 billion (2017: $2.11 billion) which resulted in a book value per share of $6.59 (2017: $5.04).

The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.