TSN the sustainable nutrition group ltd

fonda approval due july-oct-says rbs, page-7

  1. 1,858 Posts.
    Re US fonda revenue, RBS say...

    "...ACL receives a 50-60% share of profits from North American
    sales from Dr Reddy?s, which equates to a ~35% revenue share."

    Re ROW they say,

    "...Dr Reddy?s pays ACL a royalty on sales at an agreed proportion. We assume this is equivalent to 20%."

    Is there any basis for 20%, or have they just guessed a number? There's a big difference between 35% and 20%.
 
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