Business
IAG, the owner of British Airways and Spanish carrier Iberia, dived into a net loss of 1.76 billion euros ($2.1 billion) in the third quarter on coronavirus fallout, it said Friday.
Oct 30, 2020
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3
Business
Finnish telecoms equipment maker Nokia more than doubled its profits in the third quarter as its new chief executive promised on Thursday to do "whatever it takes" to become the 5G market leader.
Oct 29, 2020
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4
Business
Samsung Electronics' net profit jumped by almost half in the third quarter, it reported Thursday, as the South Korean giant's mobile and chip businesses were boosted by US sanctions against Chinese rival Huawei.
Oct 29, 2020
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3
Automotive
Italian-American auto giant Fiat Chrysler said Wednesday it returned to profit in the third quarter, doing better than expected as the market recovered from a massive downturn sparked by the coronavirus pandemic.
Oct 28, 2020
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3
Business
Sony on Wednesday said net profit doubled in the April-September period and revised up its full-year forecast, citing growth in key sectors including gaming, which has been boosted by coronavirus lockdowns worldwide.
Oct 28, 2020
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3
Business
German auto giant Daimler, maker of Mercedes-Benz, said Friday that it was upgrading its earnings forecast for the whole of 2020 after group profits rose in the third quarter.
Oct 23, 2020
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4
Business
Chinese tech giant Huawei, one of the biggest makers of smartphones and switching equipment, said Friday its revenue rose 9.9% in the first nine months of this year, but growth decelerated in the face of U.S. sanctions and ...
Oct 23, 2020
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Swedish telecom equipment maker Ericsson has reported upbeat third quarter earnings, helped mainly by the rollout of 5G wireless networks in China and a strong U.S. market.
Oct 21, 2020
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4
Business
Dutch firm Philips said Monday its third quarter net profit rose sharply as its health arm got a boost from demand driven by the coronavirus pandemic.
Oct 19, 2020
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4
India's largest software exporter Tata Consultancy Services announced a $2.18 billion share buyback plan Wednesday, even as its profits fell amid the financial fallout from the coronavirus pandemic and an American legal case.
Oct 7, 2020
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4
In business and finance accounting, net profit is equal to the gross profit minus overheads minus interest payable plus/minus one off items for a given time period (usually: accounting period).
A common synonym for "net profit" when discussing financial statements (which include a balance sheet and an income statement) is the bottom line. This term results from the traditional appearance of an income statement which shows all allocated revenues and expenses over a specified time period with the resulting summation on the bottom line of the report.
In simplistic terms, net profit is the money left over after paying all the expenses of an endeavor. In practice this can get very complex in large organizations or endeavors. The bookkeeper or accountant must itemise and allocate revenues and expenses properly to the specific working scope and context in which the term is applied.
Definitions of the term can however vary between the UK and US. In the US, net profit is often associated with net income or profit after tax (see table below).
The net margin percentage is a related ratio. This figure is calculated by dividing net profit by turnover, and it represents profitability, as a percentage.
This text uses material from Wikipedia, licensed under CC BY-SA
