Ann: Chairman Address for AGM, page-3

Hi All

At last some real figures! I am only looking at CNN. No real figures for other company.

GROSS margin of 11% on sales. Sorry guys. No company can survive on 11% GP. The more we sell the more we will lose.
11% should be an aim for NET profit margin not GROSS profit.

May be a strategy to get market share, but I have just lost all hope.

Pear