RE:RE:RE:RE:I DID NOT SEE THIS REPORT TILL TODAY...Not sure about your accounting as I don't know what employees earn nor how many they have at any given time. Plus benefits costs etc.
Regardless, when the cost of labour goes up, the cost of inputs goes up, the cost of borrowing goes up and the price of the product you sell goes down...I'm sure you can see that profits get squeezed.
It's simple math.