Ericsson wrote:Company has reported full year profits in todays newspaper;
Profit before tax at ksh.3.919bn
profit after tax at ksh.3.137bn
Dividend increment by 16% to ksh.0.70 per share
Total assets increased by 16% to ksh.32.174bn from 27.628bn
Wapi S.MutangaIII, VVS, Maich na wengine kwenye hii basi yetu.
The EPS must be around 4.5. At a price of 18.65, this means PE ratio is 4.16. Can the PE get to around 5, to make the price equal to 22.50? Only time will tell.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.