Guy, please don’t read the 4C as the profit and loss, it is only for cash flow. There is no margin you can see on 4C. “Receipts from customers” means fund received. It is not “Sales for the quarter”. “Product manufacturing and operating costs” means cash outlay for buying the stock. The reason these two numbers are close only means that the company is buying a lot more stock due to growth. Once again – there is no profit you can see on the 4C report. Hope this helps.
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