Honda yearly earnings solid despite chip crunch
Japanese auto giant Honda said Friday net profit rose 7.6 percent in the financial year to March, benefiting from strong motorbike sales and a weaker yen.
May 13, 2022
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66
Automotive
News tagged with net profit
Automotive
Nissan reports first full-year net profit in three years
Nissan reported a positive full-year net profit for the first time in three years on Thursday, citing cost-saving efforts and a stronger US market, but issued cautious forecasts.
May 12, 2022
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3
Business
Taiwan's Foxconn says impact from Chinese lockdowns limited
Taiwanese tech giant Foxconn on Thursday said the impact on production from COVID lockdowns in China was "limited" and most of its facilities in the country were operating normally.
May 12, 2022
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1
Automotive
Toyota posts record full-year net profit, forecasts cautious
Toyota on Wednesday posted a record full-year net profit helped by strong sales and a cheaper yen, but issued cautious forecasts as the pandemic and the war in Ukraine disrupt supply chains.
May 11, 2022
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11
Business
Sony logs record full-year sales but keeps forecast cautious
Sony on Tuesday reported its best-ever sales in the financial year to March thanks to strong results in movies, electronics and music, but offered a cautious forecast as supply chain disruption continues.
May 10, 2022
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8
Automotive
Volkswagen trains sights on US as profits jump
Volkswagen's first-quarter net profit almost doubled as the German automaker looked anew to the North American market to drive growth after years of muted presence there over "dieselgate", company results showed Wednesday.
May 04, 2022
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3
Business
Samsung Electronics Q1 net profit up almost 60 percent
South Korean tech giant Samsung Electronics posted a near 60 percent rise in first-quarter net profits on Thursday, largely driven by steady memory chip demand and brisk smartphone sales.
Apr 28, 2022
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3
Business
Nokia's Q1 profits eroded by Russia withdrawal
Finnish telecom equipment maker Nokia on Thursday announced a 17 percent fall in quarterly profits due to its withdrawal from Russia and supply problems but said it would meet this year's target.
Apr 28, 2022
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11
Business
Indian software provider TCS sees strong earnings, record orders
India's largest software exporter Tata Consultancy Services reported strong quarterly earnings on Monday as demand for digital services brought in orders worth a record $11.3 billion.
Apr 11, 2022
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3
Automotive
Volkswagen profits surge despite selling fewer cars
Volkswagen said Friday its net profits jumped last year despite selling fewer cars due to the semiconductor shortage as buyers forked out for better-equipped cars.
Mar 11, 2022
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4
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
