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Re: jdcpa1 post# 76839

Tuesday, 02/06/2024 5:03:13 AM

Tuesday, February 06, 2024 5:03:13 AM

Post# of 88837
jdc Actually my knowledge is better than yours and even if I at 81 years old have a poor memory it seems better than yours too. It is true that John K. Park first stated an approximate profit margin of 18%. That is one reason why I don't fully trust him. He later corrected it too gross profit margin, which is actually of little interest. A company may well have a gross profit margin of 18% and a negative net profit margin. My view is that it suggests total cluelessness that buying vast amounts of sugar in Brazil and transporting it to China would result in a net profit margin as high as 18%. Other companies would of course offer a much better deal for sellers and buyers if that had been the case.