Replies to post #59823 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

It's 10% management fee for project companies, remember? We don't get 60%.

For some reason PF2 sold more fingerlings in Q1 and Q2, worth close to a management fee of close to $200,000.

So if the cycle is less than 90 days at PF1, and we can book sales twice, then the management fee should look like this

- from PF2 : $200,000
- from PF1 : 102MT+120MT = 222,000 * $12 * 10% = $266,000

Total $466,000
Net income. In one quarter. Nice.

And of course 15% gross margin on resale and wholesale on top.