Replies to post #30594 on Sino Agro Food Inc (fka SIAF)

[viking86]

As all the non-service segments you mention will increase their total revenue more rapidly vs. service revenues in coming years, i expect the overall net margin to come down continuously from current levels of 40%+. But once we hit .5 B or more of annual revenue, I think net margins of 30 to 35% will be just fine.

[viking86]

How do you get 11m fish sales in Q3'12? I see only about 7.6m.

During the third quarter of 2012, CA sold just over 493,700 sleepy-cod weighing between 516g to 628g per fish from Fish Farm 1

493700 x 0.57kg= 281.4 MT @ $27/kg = $7.6m

That's about 28% of total fish rev of Q3, down from about 37% for Q2.

For whole year 2012, I expect about $19m fish sales out of $81m total fish rev, or 23%. So 77% rev from service in fishery.