Profits, costs, operating expenses?
> Gross profit for the quarter hit $971m – yes, that's a margin of 78 per cent. But operating expenses almost wiped that out, leaving a profit from operations of $17.9m, lower than the $28.5m made a year earlier.
Not quite sure what that is saying. Gross Profit = Revenue - Costs. So what are these operating expenses that weren't deducted as costs when calculating the $971m figure?