CCC 0.00% 0.1¢ continental coal limited

why they can't make profit ?, page-2

  1. 448 Posts.

    Sep Quarterly report:( Vkakvarkfontein + Ferreira )
    - Revenue = ZAR160mil ( divide 7 = US$23mil)
    - Gross Profit = ZAR36mil ( $US5mil)
    - Coal = 0.5 mt

    Vkakvarkfontein Coal Mine = Domestic quality coal
    - reported record sales of 384,443t Revenue of ZAR57M (US$8M) and EBITDA of ZAR17M (US$2.4M)
    - Gross Profit Margin = 30%
    - so $8m/384,000 = $20/ton sale price ??????


    Ferreira = high quality export coal
    - Sep quarterly output = 130,000ton (515k-384k)
    - sale = ZAR102m = US$14.5m (ZAR160-ZAR57)
    - Sale price = $111/ton <-- good !!
    - Gross Profit = ZAR19m = US$2.7m (36mil-17mil=19mil)
    - Gross Profit Margin = 18.6% <--- OMG!! should be 50%??

    will see what happen in next quarterly report, should come out around 31th Jan

 
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