Whilst we do not share any of the profits derived overseas, we do have to pay a 5% royalty on the Gross Revenue to the technology providers for all international contracts. Note the critical difference between Profit and Revenue which should be taken into account when attempting a valuation IMO.
Information sourced from page 8 of the 2010 Annual Report.
All IMHO only.
Good luck to holders.
alreco overseas concern, page-13
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