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  "documentTitle": "Rubicon Limited (RBC)",
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      "text": "There is massive leverage at EBITDA level. A sole 1% reduction (as % of sales) at Distribution expenses level and 0.5% reduction (as % of sales) at Administrative expenses level would account for USD4.9m of extra EBITDA which accounts for a 61% increase of current EBITDA.",
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      "text": "Although the \"One-Company\" program has already eliminated USD5m of costs per annum in administrative and back-office costs, there is still room to achieve additional efficiencies in both distribution and administrative areas.",
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