singaroaring
:
Gross profit margins on those sales were also up, and gross profits at the company therefore outperformed sales growth, rising 148%. Nevertheless, Sea Limited also doubled its spending on research and development and sales and marketing, and these higher operating costs prevented the company from turning a profit.
singaroaring : Gross profit margins on those sales were also up, and gross profits at the company therefore outperformed sales growth, rising 148%. Nevertheless, Sea Limited also doubled its spending on research and development and sales and marketing, and these higher operating costs prevented the company from turning a profit.