The sh500m Passats deal is less than 10% of CMCs annual revenue [approx sh15b]
You will not see any major jump in profits due to this deal.
As I wrote earlier,CMC stands to gain greater marketing value [and the political hullabaloo isn't helping on that front] than actual financial gain.
Interestingly,there seems to be a lot of political hatred for this company. Remember how many celebrated when CMC lost the tender to supply Land Rovers to the police [the GoK bought Toyota Land Cruisers]?
Now that CMC has beaten DT Dobie on the Ministers' cars deal,politicians are up in arms calling a PAC investigation...and inviting TV cameras to the session [for the first time]
Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.