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Longwei Petroleum Investment Holding Limited Message Board

  • contrarianvalueinvestor contrarianvalueinvestor Nov 13, 2012 5:16 PM Flag

    Gross profit margin was 15.8% - increase of 8.2% YoY versus 09/30/11 Q

    Gross profit margin was 15.8% - increase of 8.2% YoY versus 09/30/11 Q

    This was one of my concerns because Marek had thought the weighted average selling price versus purchase price of their oil was not going to be as good as last year, but it turns out Marek was a little off in his prediction:

    Description..................Q ending 9/30/12.................Q ending 9/30/11
    Weight avg cost...........$976/mt.............................$1029/mt
    Wtd avg selling price.....$1159/mt...........................$1205/mt
    Gross profit per mt........$183/mt.............................$176/mt
    Margin..........................15.8%................................14.6%

    Sentiment: Strong Buy

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