RE: Annual report - a big read.15 Mar 2022 14:06
It is indeed a big read, very impressive, it's all you could wish for in an annual report, glossy, much detail about the collaborative relationships forged, and the pathway to a cleaner, greener future. I was pleased to see that the company actually managed to make a profit on the customer contracts it has, which obviously helped to defray the overall loss generated by the overhead. I appreciate that the gross profit is modest, but hey ho, it's a start, so onward and upward....If we assume that the sales and cost of sales are all based on variable costs, and that the gross profit percentage is a constant (which, if looking at gross margin, it should be) then we should be in a position to break even once we hit the annual sales figure of approximately £387,000,000....