Coronavirus buffets Air France as 2019 profits dive
French-Dutch airline Air France-KLM said Thursday the coronavirus has blown a large hole in 2020 earnings to date while separately unveiling lower profits for 2019.
Feb 20, 2020
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Business
Page 20 - News tagged with net profit
Business
Furious shareholders blast Nissan bosses
Shareholders livid about the performance of struggling Japanese car giant Nissan on Tuesday blasted bosses over dividends, executive pay, the stock price, and even the type of vehicle they use.
Feb 18, 2020
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Automotive
Renault reports first net losses in decade for 2019
French carmaker Renault said Friday it went into the red last year for the first time in a decade on lower sales and a falling contribution from its Japanese partner Nissan.
Feb 14, 2020
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Business
Alibaba earnings surge 58 pct on 'Single's Day' boost
Chinese e-commerce leader Alibaba said Thursday that net profit increased 58 percent in the latest quarter, citing another record "Single's Day" sales promotion in November and growth in cloud computing.
Feb 13, 2020
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Automotive
Nissan downgrades forecasts as 9-month net profit plunges
Crisis-hit Japanese automaker Nissan said Thursday its net profit plunged more than 87 percent for the nine months to December as it struggles with weak demand and fallout from the arrest of former boss Carlos Ghosn.
Feb 13, 2020
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Business
SoftBank Group nine-month net profit down nearly 70%
Major Japanese technology investor SoftBank Group said Wednesday its net profit plunged nearly 70 percent for the nine months to December as investments in sharing economy companies including WeWork and Uber took a hit.
Feb 12, 2020
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Automotive
Daimler profits plunge in 2019 on 'dieselgate' costs
Daimler chief executive Ola Kallenius suffered a grim first year in 2019 as profits tumbled at Mercedes-Benz's parent company due to billions in costs from the "dieselgate" scandal, and thousands of job cuts now lie ahead.
Feb 11, 2020
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Internet
Twitter surges as global user growth revives
Twitter shares jumped Thursday after an update showing it added millions of new users and boosted ad revenue in the fourth quarter, sparking optimism over its growth prospects.
Feb 6, 2020
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Business
Nokia reports higher profit, boosts 5G investments
Finnish telecom equipment maker Nokia Corp. has reported a rise in fourth-quarter earnings mainly due to cost savings and pledged to boost investments in next-generation 5G networks, of which it is one of the world's main ...
Feb 6, 2020
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Business
Toyota logs nine-month profit gain, upgrades annual forecasts
Japanese car giant Toyota on Thursday reported a surge in net profit on record sales for the nine months to December, and upgraded its full-year profit forecasts.
Feb 6, 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
