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Re: locksmith123 post# 35164

Sunday, 07/18/2010 10:31:45 PM

Sunday, July 18, 2010 10:31:45 PM

Post# of 354339
According to the company's business plan, they do not expect a net profit in 2010. The profit is obviously being pumped back into the company for expected rapid growth in 2011 and beyond. If we turn any net profit this year great, but I'm just going by what RTGV has said.

Headline Financials

US Dollars (millions) Year 1 Year 2 Year 3
Sales 5.3 27.7 58.3
Cost of Sales 1.9 11.2 27.4
Gross Profit 3.4 16.5 30.9
Gross Profit (%) 64.15% 59.57% 53.00%
Overheads 3.6 9.4 17
Net Profit -0.2 7.1 13.9
Net Profit (%) - 25.63% 23.84%
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