GOMEL, 26 October (BelTA) – Belarus intends to sell more oil products on markets with bigger profit margins, BelTA learned from Deputy Prime Minister of Belarus Igor Lyashenko on 26 October.Igor Lyashenko said: “The more attractive the market is, the higher our presence is.”Asked how the reduced import of Russian oil products will affect Belarusian commitments to sell oil products to Ukraine, Igor Lyashenko noted: “We make more oil products than entire Ukraine and Belarus consume. The Belarusian state petrochemical concern Belneftekhim follows a high profit margin principle. Even the volume of oil products we have now allows us to cover all the marginal directions.”Speaking about plans to raise Belarus-Ukraine trade to $8 billion, the official said that the bilateral trade volume can exceed $5 billion this year. “But the task set by the heads of state gives us an opportunity to explore additional business options, albeit risky ones, or discover some … [Read more...] about Belarus to sell more oil products to markets with bigger profit margins
What distinguishes Burberry from Tesco? Many things, of course, but one thing is their differing gross profit margins. The gross profit margin of Tesco is about 6 per cent, which means that when you buy a product there, the vast majority of your spend covers just the grocery item you have bought – no shops, no staff, no overheads yet. Please Subscribe or Log in to continue reading Please Subscribe or Log in to continue reading Subscribe Login Independent journalism every day With digital access you can read The Business Post whenever, wherever, and however you want. Unlimited access to all sections of The Business Post on desktop, tablet and mobile. Breaking news, comment and analysis from the best Business Post writers seven days a week. Live blogs of major news events Videos and podcasts from some of the industry's most respected journalists such as Tom Lyons, Susan Mitchell and Ian Guider Access to The Business Post's extensive archive … [Read more...] about What’s in a gross profit margin?
My favourite Olympic event of all time - by a considerable distance - is the men’s marathon at the 1904 Games in St Louis. Held in stifling 33C heat, with passing cars throwing up clouds of choking dust and just a single water station along the whole course, only 14 of the 32 runners completed the race. The first man over the line, it later transpired, had dropped out after nine miles and ridden most of the rest of the way in a car. The actual winner, Thomas Hicks, finished in almost three and a half hours, having at one point slowed to a walk and been administered a cocktail of rat poison, raw egg and brandy by his trainer. The event also saw the first ever black African competitor, a South African tribesman called Len Taunyane, who was chased almost a mile off course by a pair of wild dogs. He finished ninth. One of the other runners was a Cuban postman called Andarin Carvajal, who after hitch-hiking to the Games and not having eaten in almost two days, picked some apples from … [Read more...] about Tokyo 2020 Olympics: Faster growth, higher costs, stronger profit margins
Apple Inc. has been a profit geyser well before it was valued at the $1 trillion milestone the company reached on Thursday. Even Warren Buffett is impressed. “It is an unbelievable company,” the legendary investor and Apple stockholder said in May as he marveled that Apple earns almost twice as much as the second-most profitable company in the U.S.Buffett is right. Apple reported $68 billion in profit before taxes and non-operating items in the last year. In distant second place is JPMorgan Chase & Co. with $39 billion in operating profit. But this isn’t another tale of Apple’s impossible-to-believe profit power, because Apple isn’t the powerhouse that it used to be.Apple is now a tale of incredibly shrinking profit margins. Apple generates less profit from each dollar of sales than it did in 2010, when it was worth one-quarter as much. Investors most likely won’t care as long as Apple keeps … [Read more...] about Honey, I Shrunk Apple’s Profit Margins
Heineken’s effort to expand in Brazil, a home market of its chief rival Anheuser-Busch InBev, put pressure on the Amsterdam brewer’s first half 2018 profit margins, the brewing giant said on Monday.Heineken booked first-half net profit 9.1% higher at €950m on turnover of €10.8bn, a 4.2% increase over the first six months of 2017. But, the company said, it was updating its operating profit margin guidance for the full year to a decrease, due in part to its activities in Brazil.Heineken is the world’s second-largest brewer, a position it has also achieved in Brazil but at a cost. The beer business in Brazil is less profitable than elsewhere, news agency Bloomberg said. Heineken became Brazil’s second-biggest brewer in 2017 when it bought Japanese brewer Kirin’s operations there for just under $600m. Heineken has stepped up marketing in Brazil causing a decline in overall profitability despite selling more beer.Heineken’s brands in Brazil … [Read more...] about Heineken sees profit margin contracting as competition heats up in Brazil