RE:Mgmt discussion/analysis ending Apr 30/2023Many have said that ADCO is a low margin business. And from statement from taat,
it would appear so. IMO a 5% gross margin is very low, but most likely not low for
the distribution business. Having worked in logistics I can tell you transporation is
also a low margin business.
From 38% to 5% gross margin is significant, imo.