You are correct if there are no other factors in play.
There are other factors though. For a start the last half year was 40% not 32.5%. Homart manufactured a lot of Sunnya products. ANMA will be doing a lot more now. Jatcorp head company products are coming into play. We also have retail margin percentage from the new store/stores in play soon.
I cant estimate margins, but they will be good IMO considering these other factors.
GLTAH DYOR
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