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

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