Considering the following year, I believe Momo will stay to benefit from the stable and you can — away from you to stable and you may dedicated user foot. Exactly what it means as much as P&L is concerned, is the fact we’ll be able to maintain the size from profiles and money at once, continue to improve towards the employees and you can member buy costs. Keeping an eye out to help you next year, we anticipate terrible margin to keep to get secure as is the truth to possess — as well as the truth through the in 2010. In terms of doing work expenses, for the reason that I just said, we have a beneficial possibility to then slice the OpEx off with continuous efforts to fully improve cost abilities.

So if you lay this type of something different together in short, I am pretty optimistic you to definitely we’re going to be doing a great work when you look at the maintaining the merchandise craft of cash cow providers. You will find a concern on bucks use. Okay. I guess it is a matter of how does the business utilize this cash and you may spend some their financing information. I have stated before there exists three concerns towards the providers regarding financing allocation. Primary is actually, of course, in order to reinvest back once again to the firm to own normal growth. And also the next concern is when you can find a great proper financing options that will help us build beyond that which we is capable of naturally, we possibly may go for those individuals proper solutions, so we choose to fool around with dollars in the place of by way of an inventory price.

Together with third priority are, whenever we has way too much cash while we because the has been the newest problem previously, we might come back the additional dollars towards the investors about sorts of sometimes bucks returns or express repurchase. So results in — you to definitely contributes to practical question for the earnings, the bucks cow organization weiterlesen →