GREY:CHALF - Post by User
Post by
GetUpAndGoon May 20, 2016 1:16pm
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Post# 24892988
GLH vs CGC nonsense...
GLH vs CGC nonsense... You have to look at the last filings from Sept 30, 2015 because GLH has yet to file a 2016 interim report. You cannot look at quarterly evenue without comparing expenses...
Sept 30, 2015 - CGC
- Gross Margin = $9.45M
- Total Expenses = $3.96M
represents a quarterly gain on sales
Sept 30, 2015 - GLH
- Gross Margin = $1.23M
- Total Expenses = $3.73M
represents a quarterly loss on sales
GLH has a ways to go yet to make a quarterly profit. This is why Don has decided to put a hold on administration costs (salaries). This will then hopefully show a positive quarter when interim results are released.