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Re: Re: [sharechat] gpg

From:	"Peter" <pmaiden@xtra.co.nz>
Date:	Sat, 10 Nov 2001 21:40:48 +1300

Brian - I'll think you'll find the $315M is what they sell the cars for on behalf of the sellers.

In this context the $6M EBIT is what is left over from the commissions they collect - whatever that is.

I don't know what they report their sales as but I would have a guess that it should be only the commissions - therefore the $7M would be EBIT on income of say $31M (if they take 10% for example)

Maybe not all that bad

Cheers

Peter

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