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Old 10-16-2014, 02:35 PM
gibb gibb is offline
 
Join Date: Mar 2009
Posts: 191
Default WFSC Profit Sharing

http://www.nafa.ca/15728
WFSC Profit Sharing Dividend

NAFA ANNOUNCES PROFIT SHARING DIVIDEND FOR WILD FUR SHIPPERS COUNCIL MEMBERS

NAFA ONCE AGAIN LEADS THE WAY IN 2014/15

Loyal consignors to benefit from NAFA’s strong performance despite declining market

NAFA is pleased to announce that, to the surprise of many, it has declared a 2014 profit sharing dividend of 1% to be paid to all Wild Fur Shippers Council (WFSC) members in 2015. Once again, this dividend will be paid to you on your first auction account sale in 2015.

This dividend represents over six consecutive years that NAFA has returned money back to its consignors in the form of profit sharing returns in cash. Despite all of the current difficulties in the market, NAFA is continuing its leadership role in the industry by ensuring that its loyal consignor-owners receive superior prices and benefits by selling with NAFA each year and pay the lowest net selling costs in North America.

This 2014 profit sharing dividend is a direct result of NAFA’s continuing volume increases and operational efficiencies. Over the years, NAFA’s continuing strong market leadership and strategic vision have consistently produced superior market results and lower selling costs for our consignors by:

Allowing NAFA to pay over $50 million to our owner producers over the last six years in profit sharing rebates/dividends, thereby giving you, our loyal consignors, substantially more money in your businesses;
Achieving better prices in 2014 in most every category over our closest competitor at substantially less cost, resulting in the highest possible net returns this year for our producers;
Attracting the largest crowds of international buyers to all 3 of our North American based auctions.
In the end, we are proud to establish certain truths:

We are the only company selling your fur here in North America, thereby protecting the image and intrinsic value of your product in the global market;
We are the only company reporting a profit, ensuring you and your family’s futures;
We are well on our way to being well over 95% cleared on all buyer receivables and a strong financial position to upon which we can continue to build;
We will continue to out-work and out-perform our competition on your behalf by re-investing in our staff (youth movement), our global marketing strategies and our consignor services programs.
It is our continued pleasure to be your auction house of choice here in North America.
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