Marcolin's Profit Margins Declined In The Past Year
Italy's 4th largest eyewear producer raised its revenues last year by 24.5 percent to 231.6 billion lire (e119.6m-$107.4m), but its net earnings increased by a mere 0.76 percent to 8 billion lire (e4m-$3.5m). The ratio of net profits to revenues thus fell from 4.3 to 3.5 percent. Gross operating profit, ...
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