So I'm probably confused but if net profits were 16 million and we have 47% of the combined company with say 25 million outstanding shares, then wouldn't the earnings per share be around .33/share?
25 million / (16 million x .47) = .332
At a P/E of 14, that leads to a pps of 4.65
Now the PR implies sales of 16 million that year so maybe net income is much lower?
Either way, sales increased by well over 100% to 38 million.
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