Business
Music streaming service Spotify said Wednesday it had bounced back into profit during the first quarter, posting growing subscriber numbers as much of the world is in lockdown over the new coronavirus.
Apr 29, 2020
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4
Automotive
German car giant Volkswagen said Wednesday it expects to defy the impact of the coronavirus pandemic with a small operating profit in 2020, although the figure will be "severely" impacted.
Apr 29, 2020
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3
German carmaker Daimler warned Wednesday that it would likely make an operating loss in the `second quarter due to the impact of the coronavirus pandemic.
Apr 29, 2020
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3
Business
Japanese airline ANA Holdings said Tuesday its annual net profit dived 75 percent, hit by massive falls in demand and cancellations caused by the coronavirus pandemic.
Apr 28, 2020
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Automotive
German car giant Daimler has reported a 78-percent drop in preliminary first-quarter operating profits to 617 million euros ($667 million), as the coronavirus wreaks havoc on production and sales.
Apr 23, 2020
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3
Business
Japan Airlines on Wednesday slashed its forecast for annual net profits by 43 percent because of the coronavirus, making it the latest carrier to fly into virus-related turbulence as global tourism plummets.
Apr 22, 2020
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Business
Japanese airline ANA Holdings on Monday slashed its annual net profit forecast by 71 percent over massive falls in demand and major cancellations caused by the coronavirus pandemic.
Apr 20, 2020
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Business
German auto giant Volkswagen said Tuesday it was preparing to shutter most of its European plants, joining a slew of other carmakers as the coronavirus pandemic disrupts supply chains and sends demand plummeting.
Mar 17, 2020
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4
Business
German carmaker BMW reported a 29-percent drop in profits in 2019 on Thursday, blaming heavy legal costs and high investments in a challenging economic environment.
Mar 12, 2020
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2
Business
Online travel giant Expedia will cut about 3,000 jobs after what the company described in a statement as "disappointing" performance last year.
Feb 25, 2020
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6
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
