Pesa Nane wrote:murchr wrote:Good set of results but sales down again?
-Depressed oil prices (
volume was up +23%)
-Management focus on high yield segments
Yep, volumes not revenue is more important in this business.
It's generally more profitable for KK to sell 10mn liters at 100 = 1000mn (sales) than 5mn liters at 200 = 1000mn (sales).
Though the +23% volume sales may include lower margin products or OTS sales.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett