Tesla sales surge as global demand picks up speed
Tesla's third-quarter sales jumped 44% as global demand for its electric vehicles outpaced that of most other automakers.
Oct 2, 2020
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Automotive
Page 17 - News tagged with net profit
Continental expands restructuring, hitting 30,000 jobs
German auto-parts maker Continental said Tuesday that it would expand its vast restructuring programme to affect 30,000 jobs, as the coronavirus pandemic ravages global vehicle production.
Sep 1, 2020
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Business
Nintendo reports bumper $1 bn net profit in first quarter
Nintendo made a $1 billion net profit in the first quarter, it said Thursday, with gamers stuck at home during the coronavirus pandemic driving extraordinary demand for the industry.
Aug 6, 2020
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Business
Toyota warns of 64% drop in full-year net profit
Toyota on Thursday warned of a 64 percent drop in full-year net profit and reported a slump in quarterly earnings, as the coronavirus pandemic shreds the global auto market.
Aug 6, 2020
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5
Business
Sony net profit jumps 53.3% in Q1 but virus clouds annual outlook
Sony said Tuesday its net profit surged 53.3 percent in the first quarter, but warned annual profits were likely to see double-digit falls as the coronavirus pandemic continues to cloud the forecast.
Aug 4, 2020
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Business
Nokia profit up despite pandemic as new CEO takes over
Nokia has reported better than expected second-quarter earnings on the back of improved margins for telecoms equipment and software despite the coronavirus crisis causing a substantial drop in revenue.
Jul 31, 2020
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Business
British Airways parent IAG swoops for more cash to survive crisis
Airline giant IAG, the owner of British Airways and Spanish carrier Iberia, on Friday logged a 3.8-billion-euro ($4.5 billion) first-half net loss—and launched a capital-raising to help it navigate the demand-destroying ...
Jul 31, 2020
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Business
Ford's results not as grim as expected for virus-marred 2Q
Ford Motor Co. posted results on Thursday that were not as grim as expected for its second quarter that saw its U.S. factories shuttered for half the period to combat the spread of the coronavirus and car buyers sheltering ...
Jul 31, 2020
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Panasonic warns of annual profit dive over virus woes
Japan's Panasonic said Thursday its full-year net profit would plunge more than 50 percent as the coronavirus pandemic battered its businesses at home and overseas.
Jul 30, 2020
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Business
Samsung Electronics defies pandemic with profit rise
South Korean tech giant Samsung Electronics defied the coronavirus to report higher net profits in the second quarter Thursday, with strong demand for memory chips overcoming the pandemic's impact on smartphone sales.
Jul 30, 2020
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Net profit
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
