KLE reported $12.18 million in net profit for nine months ended September 2017

K.L.E. Group Limited (KLE) for the nine months ended September 30, 2017 reported an 11% increase in Operating Revenue to $158.19 million relative to $143.10 million last year. For the third quarter Operating Revenue totaled $54.46 million, relative $52.42 million last year.

Cost of Sales increase by 12% to $50.30 million (2016: $44.77 million) for the period. Consequently, Gross Profit for the period increased by 10% to $107.89 million relative to $98.34 million last year.

Other Income for the period increased to $10.87 million (2016: $1.26 million) while Administrative and Other Expenses increased by 16% to $96.30 million (2016: $83.00 million). As a result, Profit from Operation totaled $22.46 million 35% more than the $16.60 million reported in 2016.

There was a no Finance Income for the period relative to $155.54 million in 2016.

Consequently, Net Profit for the period amounted to $12.18 million compared to $158.53 million in 2016. Net Profit for the quarter totaled $5.07 million (2016: $4.02 million).

The earnings-per-share for the period amounted to $0.12 (2016: $$1.59), while earnings-per-share of $0.05 was computed for the quarter (2016: $0.04). The twelve-month earnings-per-share amounted to $0.19. The stock traded at $2.51 as at November 15, 2017. The number of shares used in our calculation is 100,000,000.


Balance Sheet Highlights:

The company, as at September 30, 2017, recorded total assets of $229.26 million, an increase of 3% when compared to $22.81 million recorded last year.

Total Stockholders’ Equity as at September 30, 2017 closed at $146.97 million, compared to $130.97 million for the corresponding period last year. This resulted in a book value of $1.47 (2016: $1.31) as at September 30, 2017.




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