40% sales growth in first 4 months is based on shelves have been “out of stocks” – then I assumed more growth in first four months if more stocks were available 67% net profit growth on 40% sales growth in first 4 months – I assumed 40% sales growth throughout the whole year at last year’s profit margin, based on conservative outlook given by management that EBITA rate is similar to last year. Well, I guess I need to take out “most” from my last post as it is subjective
Shorts starting to cover, page-79
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