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Gold/Mining/Energy : CGI Group (GIB.A) -

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To: Gilbert Drapeau who wrote (872)	12/2/1998 10:38:00 AM
From: Sal Pugliese	Read Replies (2) of 1673

Wow!! One thing the neglected to mentioned in their report is that net margins for the 4th quarter increased to 5.3%. They way I calculated this was based on the 3rd quarter report. As of Q3 net margin were 4.9% for Q3 and 4.5% for the first nine months. In their 4th Quarter report they mention that the net margins for the year are 4.7%. Therefore, for the last quarter to increase the overall margin by .2%, it has to be .2%3=.6% above the overall margin. Therefore, 4.7%+.6% = 5.3% for the 4th quarter. That's extremely impressive...* Good investing...Sal

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