Dreamaurora wrote:3Boys wrote:
$14.3 million profit on a revenue of $951 million (1.5% margin)? How pathetic, barely breaking even. Thanks to pirated for the clarifying stats, very clearly showing that SBS are not profiteering.
I'm not sure how you derive the conclusion that SBS is not profiteering just because its profit margin is 1.5%. Even a lot of larger MNCs commonly have profit margin below 2%, some even having deficits.
The industry I work in operates on a profit margin averaging below 1% over a 10/20-year period (consolidation will probably raise it to around 2.5% for these couple of years ).
Frankly, I have yet to hear anyone telling us that we are not profiteering. I'm quite glad to see someone post that