TSE:1871Construction
PS Construction (TSE:1871) Profit Growth Masks Revenue Decline
PS Construction stock came into this earnings print trading on an 11.1x P/E with a recent 90 day slide that left some investors questioning how durable its profit story really is. The latest quarter answered that challenge on the bottom line. Net income excluding extra items reached ¥1,752m and basic earnings per share came in at ¥37.42, backing up a 12 month earnings growth rate of 19.5%. The headline for shareholders is that profitability is currently doing more of the heavy lifting than...