EBIT MARGIN GAP

A while back I posted that losses could be as high as $80M - and not just on 1 solar project..

From the reports, the solar farm accounts for $57.0M. However, based on LY numbers/margin, EBIT Margin should be $65.2M (actually, with the volume should be even better with economies of scale).... so where has the rest of the margin gone???

Other projects must not be doing well either. You can't just look at the overall EBITDA loss $4.2M, you have to look at the gap to the expected result.... by my calculations, $80M losses, isn't too far off the mark.

(a) is the expected margin for 2018 based on last years EBIT Margin

	Column 1	Column 2	Column 3	Column 4
0		2018		2017
1	Reported Sales	1,998,000,000		1,263,000,000
2
3	Expected EBIT Margin 2018	65,176,247	a	41,200,000
4	[/B]	3.26%		3.26%
5
6	Loss on Solar Farm	(57,000,000)	b
7	Other losses	(12,376,247)	c
8
9	Reported EBIT Margin	(4,200,000)		41,200,000
10
11
12	Total Other Losses	(69,376,247)	b+c