BMW overcomes chip crisis to post record result in 2021
German auto manufacturer BMW shook off the supply chain issues that plagued the industry in 2021 to post a record high net profit figure, the group said Thursday.
Mar 10, 2022
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Automotive
German auto manufacturer BMW shook off the supply chain issues that plagued the industry in 2021 to post a record high net profit figure, the group said Thursday.
Mar 10, 2022
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5
Business
Rolls-Royce, the British maker of aircraft engines, announced Thursday a return to annual profit in 2021 after it slashed costs, adding that its long-serving chief executive would step down.
Feb 24, 2022
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Business
European aircraft giant Airbus posted record profits in 2021 after two years of losses as it cruises past the pandemic-induced crisis in the travel industry, company results showed Thursday.
Feb 17, 2022
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Business
Japanese conglomerate Toshiba said Monday it would hold an extraordinary meeting of shareholders on March 24 to vote on its plan to spin off its devices unit.
Feb 14, 2022
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Wireless and fixed-network equipment maker Nokia reported fourth-quarter profits Thursday in line with analyst expectations and said it will resume paying a dividend and launch a share-buyback program because of its improved ...
Feb 03, 2022
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Business
Nintendo raised its full-year profit forecast Thursday, citing strong performances by recent game releases, but it again cut its sales target for the Switch over global supply chain problems.
Feb 03, 2022
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Automotive
General Motors increased its net income 56% last year, helped by higher prices for its vehicles that were made scarce by a global shortage of computer chips.
Feb 01, 2022
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22
Business
Swedish telecoms giant Ericsson said Tuesday its net profit soared in 2021, with a better-than-expected performance in the fourth quarter despite losing ground in the key Chinese market.
Jan 25, 2022
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India's largest software exporter Tata Consultancy Services announced a $2.4 billion share buyback Wednesday after reporting strong quarterly earnings, boosted by sustained demand for its digital services.
Jan 12, 2022
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15
German industrial giant Siemens reported a jump in yearly net profit on Thursday despite a fourth quarter troubled by global supply chain issues that the company predicts will improve next year.
Nov 11, 2021
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15
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