Chapter 893 - 898: Skyrocketing Success
What does it mean to rise to the heavens in a single bound? Yesterday he was penniless, today he made a small fortune, this is called progress, it’s called luck.
Yesterday he was still poor, but today he stumbled into a fortune, this at most transforms a life.
But for Yang Yi, suddenly coming into an enormous fortune, with hundreds of billions of US Dollars laid out before him, this is truly rising to the heavens in a single bound.
"Enough, if that’s a plausible explanation, then we’re done talking about his legal investments. Now let’s discuss his main occupation, arms dealing — tell me about his channels."
Steve thought for a moment and said, "I never interfere with arms trade, but I am solely responsible for the financial transactions. Here’s how it works: regional managers send orders to Deyo, specifying what weapons they need. Usually, they transfer thirty to fifty percent of the payment as a deposit to a designated account. Then, I allocate funds to the procurement department to order the weapons needed for that transaction. When the weapons are delivered, we collect the remaining balance."
There was a brief pause before Steve continued solemnly, "Currently, the situation is very complicated. Nicholas’s arms trading no longer goes through Deyo, which is a significant loss. However, Big Ivan has nearly stopped dealing in arms recently, and our market share has increased. Consequently, our total revenue so far this year has reached 1.2 billion US Dollars. After deducting costs and a ten percent commission for regional managers, the net profit is 800 million US Dollars."
"At present, the demand for arms in the Middle East is strong, but often, we need to get the Americans to ship out, which earns us less money, even no profit at all; but most of our revenue still comes from the Middle East."
Yang Yi said gravely, "So how many people handle the shipments for Deyo?"
