There are a couple of things to note.
1) They didn't actually sell a lot more. Sales are up because of higher prices across the board. Food inflation.
According to the monitoring data of the national agricultural and sideline products and agricultural materials price quotation system,which show that since the beginning of this year, fruit prices show more obvious rising trend. Compared with January 1, in June, the national prices of banana, pear, pear, orange, ponkan, Fuji apple are rising, the amount of increase is respectively 41.9%,35.9%,33.1%,32.3%,27.8% and 21.3%. At present, the monitoring national prices of fruits are significantly higher than last year, an increase of more than twenty percent. Compared with the second quarter in 2013, the prices of 21 kinds of monitoring vegetables in the second quarter of 2014 are averaging up 14.0%.Among them, the price-rise of prices of cowpea, green bean, bitter gourd and die Peperoli are in the lead, are respectively, 40.2%, 38.9%, 38.1%, 37.3%, the amount of increase of corn price in the first half year can be up to 20% maximum.
The general rise in prices of agricultural products in the second quarter, which has increased sales revenue of agricultural products.
2) They all have to deal with the same cost factors. Oil, dollar, electricity, price of seeds etc. So bigger coincidences have happened.
3) If you look at profitability by product group, it was 9.5%, 9.3% and 9.4%. A bit of a coincidence, yes. But the bulk is agriculture at 9.5%. In Q1 it was 11%, 5.1% and 5.4% respectively.
3) When you sell $50M worth of fruits and vegetables then the law of the big numbers applies. And you know what that means? Besides, it's not exactly 9.4% everywhere. But they all sell roughly the same products.
You didn't really think they would make those numbers up, did you?
Come on... be honest :-)
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