Revisted your post #20269 Message 4694000
<<Cents: Net profits occur after taxes are subtracted.
Net profit margin for SCBI: 6.8%.
Please note that employee leasing (bulk of FAMH revenues for this year) generally carries a much lower net profit margin.
I'm looking forward to the 1997 numbers, in which FAMH claims they had a 25% net profit margin ($2.2 MM net on $8.5
MM revenue), which may be the best any listed staffing company has done in history, assuming these come from
recurring operations, which Ira stated, and no other company officer has disputed.
How can you fire Ira after performance like that?>>
Ira must have meant Gross Margin not Net profit margin. The industry average is 22.91%.
The press release dated 5/8/98 (Business Wire) has the pro forma Income Statement for 1998-2003 you can calculate the NPM.
(000's) 1998 1999 2000 2001 2002 2003
Sales 80,288 92,331 105,257 117,888 132,035 146,559
Net Income 4,861 4,808 6,598 8,227 9,618 11,106
Net Profit Margin 6.05% 5.21% 6.27% 6.98% 7.28% 7.58%
Gross Profit Margin 13.88% 13.88% 14.64% 15.40% 15.48% 15.55%
Regards, |
