CNN 6.25% 15.0¢ cardia bioplastics limited

Ann: Organic waste diversion program extended to , page-5

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  1. 34,916 Posts.
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    re: Ann: Organic waste diversion program exte... Wonder what the net profit is for each of these reports/contracts.

    Hard to say but what is clear is they have to sell a hell of a lot of bags to make decent profits. With the Brazliain retailer announcement the other day they mentioned that annual orders are expected to reach $400K but the first order was for 1.25mill bags. So it seems multi million bags for that $400K revenue. How much of that is profit? 20-30%?

    So maybe $150K serving a company with 120 stores and 38mill customers.
 
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