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Thursday, April 01, 2021 7:10:53 AM
Many of my demands from #Post78009
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161579848
have been implemented.
CAPC generated 25% of its turnover with international sales.
The dependency on retailers in the US was definitely too great with over 92% of total sales. Now we have internatinal sales of 25 %.
- The mirrors are made in Asia.
CAPC can send the mirrors directly from the factory to its customers in Asia. This FINALLY boosts international sales outside of the US to a reasonable level. In addition, the sales channels in Asia for delivery ex works are significantly shorter and more cost-effective.
- The increase in international sales to a rate of 25% is more than remarkable and trend-setting.
The outstanding thing for me personally is:
This high rate was achieved in a region in which the pandemic is being fought with significantly tougher, sharper and longer lockdown measures.
Other good points:
- The direct sales without intermediaries increase the profit margin.
- CAPC used the increased level of awareness to finally start selling its product range online.
- Asia created a very large free trade area with no tariffs last year.
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 07:14:52 PM
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