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
0
80
Business
News tagged with net profit
Business
Ericsson to cut 8,500 jobs worldwide
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
Samsung Electronics defies pandemic with profit rise
South Korean tech giant Samsung Electronics defied the coronavirus to report higher net profits in the second quarter Thursday, with strong demand for memory chips overcoming the pandemic's impact on smartphone sales.
Jul 30, 2020
0
4
Business
Airbus posts record profit, eyes more deliveries in 2022
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
0
27
Ericsson earnings boosted by 5G network rollouts
Swedish telecom equipment maker Ericsson has reported upbeat third quarter earnings, helped mainly by the rollout of 5G wireless networks in China and a strong U.S. market.
Oct 21, 2020
0
4
Business
Engines giant Rolls-Royce back in profit, seeks CEO
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
0
11
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
0
4
Business
British Airways parent IAG swoops for more cash to survive crisis
Airline giant IAG, the owner of British Airways and Spanish carrier Iberia, on Friday logged a 3.8-billion-euro ($4.5 billion) first-half net loss—and launched a capital-raising to help it navigate the demand-destroying ...
Jul 31, 2020
0
14
Business
Ryanair logs annual profit but warns on virus chaos
Irish no-frills airline Ryanair said Monday that net profits climbed to 1.0 billion euros ($1.07 billion) in its 2019/2020 financial year, which ended just after coronavirus grounded planes worldwide.
May 18, 2020
0
5
Business
Sanctions-hit Huawei says back to 'business as usual'
Chinese tech giant Huawei said on Friday it had returned to "business as usual" despite US sanctions as it estimated annual revenues to remain flat for 2022.
Dec 30, 2022
0
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
