$IBEX Ltd (IBEX.US)$Listed in 2020, revenue grew continuousl...
$IBEX Ltd(IBEX.US$Listed in 2020, revenue grew continuously for 3 years, with an average growth rate of 10.3%, and operating profit continued to grow. The average growth rate in the past two years was 10.2%, reaching 27.49 million in 2022. After two years of decline, net profit soared to 22.99 million in 2022.
The income statement shows that in 2020 and 2021, there were millions of losses from the sale of securities. In 2022, the income from the sale of securities was 2.31 million. The absolute value is not high, but it is not low compared to operating profit, so it is more meaningful to look at the growth rate of operating profit.
In the first two quarters of 2023, revenue increased 11%, and operating profit doubled to 22.42 million. Net profit was once again dragged down by losses on the sale of securities, but fell 46%.
Currently, the price-earnings ratio is 18.75, which is very attractive compared to the increase in operating profit, but due to huge fluctuations in profit and loss accounts from the sale of securities, it is impossible to determine the value, so wait and see for the time being.
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