But optimising value? At $450m, the estimated price tag is little more than Phibro's average annual net profit in recent years.

但4亿5千万也算增加价值么?这个数仅仅比这几年菲布罗年平均净利润高一点。

youdao

Then the average annual net profit is calculated by dividing the difference between incremental revenues and costs by the estimated life of the investment.

第六条商品或者服务的市场平均价格、均差价率、均利润率以其社会平均成本为基础测定。

youdao

As a result, its net profit last year was an estimated 45% down on the previous year.

ECONOMIST: The world beyond Deutsche Telekom