Elite Pharmaceuticals Inc (ELTP): Gross profit margin increase is due to m...

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Re: tedk10 post# 276701

Thursday, 11/09/2017 5:28:19 PM

Thursday, November 09, 2017 5:28:19 PM

Gross profit margin increase is due to much smaller margins from contract mfg that was lost. So incremental margin dollars, but not profit %.

Simply stated, we lost a less profitable customer...yet one that was still critical to the ongoing ops.

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