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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1442 |
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It was then followed by a tremendous rise in net profit margin rise in 2004 (i.e. improvement of 264.01% from 2003 to 2004) and two subsequent years of negative returns.
4.6 Based on the information that is available, we construe that the vast improvement in 2004 net profit margin was due to the successful development of the HarvestRoad Hive® in 2003 (refer to Appendix C) and the subsequent introduction of the product to various corporate clients such as the Mexico's Latin American Institute of Education Communication ($10 million deal which is payable in a period of 3...
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This point is supported by the substantial increase in the trading revenue (i.e. from $1.064 million to $8.979 million ? refer to Appendix D) and receivables between 2003 and 2004 (i.e. increased from $0.145 million to $5.44 million ? refer to Appendix E).
4.7 Nonetheless, the net profit margin had subsequently decreased from 21...
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