Automotive
Volvo Group's shares were up seven percent Wednesday after the Swedish truck-maker posted record first-quarter earnings, in a sign of an easing of supply chain disruptions and high costs that have plagued the auto industry.
Apr 12, 2023
0
3
Business
Huawei on Friday reported a nearly 70% decline in profit last year amid sanctions and pandemic challenges, but its enterprise sales rose as the Chinese technology giant sought to pivot into digital industries and reduce its ...
Mar 31, 2023
0
8
Business
Telecom equipment maker Ericsson said Friday it would slash 8,500 jobs worldwide, part of a cost-cutting program as financial headwinds push operators to rein in spending.
Feb 24, 2023
0
3
Business
IAG, owner of British Airways and Spanish carrier Iberia, announced Friday a return to profit in 2022 as the global aviation sector reopened from COVID lockdowns.
Feb 24, 2023
0
10
Automotive
Automaker Stellantis on Wednesday reported its earnings grew in 2022 from a year earlier and said its push into electric vehicles led to a jump in sales even as it faces growing competition from an industrywide shift to more ...
Feb 22, 2023
0
3
Business
European aircraft manufacturer Airbus said on Thursday profits soared to a record level in 2022 despite supply chain problems limiting its ability to raise production.
Feb 16, 2023
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40
Automotive
Nissan maintained its full-year profit forecasts on Thursday, saying chip shortages and other COVID disruptions would hit sales volumes but that it would fight back through "strict financial discipline".
Feb 9, 2023
0
5
Automotive
Japan's Toyota left its annual forecasts unchanged on Thursday despite ongoing disruption from the global chip shortage, as the cheaper yen offsets the impact of soaring materials prices.
Feb 9, 2023
0
9
Business
Japanese video game maker Nintendo recorded a slight drop in in profit in April to December as it maintained strong sales of its Switch console games.
Feb 7, 2023
0
11
Business
Sony appointed a veteran executive as its president Thursday to lead the Japanese electronics and entertainment conglomerate through changing times, and reported a decline in its profit in the last quarter.
Feb 2, 2023
0
5
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
