the correct pe

###actually your calculation is off somewhat!!!
if you note the initial reader first post, its 0.6cents earnings per share, for 3 months,not 6.7cents per share!!! 0.6 cents is not 6 cents..
soo the below you've written goesout the window!!###
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Indeed you are correct, my apologies for putting the decimal point in the wrong position.
The equation should read as follows:


$1,300,000.00 net profit DIVIDED X 191,517,292 shares = .00678c per share x 4 quarters = .027c EPS.

current market price = .28c DIVIDED X .027c EPS.
Gives you a PE of 10.37X

Which is exactly the same PE I previuosly stated.

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http://www.e-payasia.com/investor_investmenthighlight.html

If you look at this web page you'll see that EPY predict the following:

$5,000,000.00 net profit DIVIDED X 185,000,000 shares = .027c EPS.

current market price was (market cap DIV X shares on issue. $37 million/185 million) = .20c DIVIDED X .027c EPS.

Gives you a PE of 7.4X
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Please note that the correct PE should now be based on $6,000,000.00. net profit (as stated in EPY's 1st Quarter.
So:

$6,000,000.00 net profit DIVIDED X 191,517,292 shares = .031c EPS.

current market price = 0.28c DIVIDED X .031c EPS.
Gives you a PE of 9X

Or if you base it on yesterdays close the PE would be 10.3x.
Still very cheap ;-)