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
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4
News tagged with net profit
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
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
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4
Business
Emirates predicts 18-month lull in air demand
Gulf aviation giant Emirates said Sunday it would take at least 18 months for travel demand to return to "a semblance of normality", despite reporting bumper pre-pandemic profits.
May 10, 2020
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7
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
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14
Automotive
GM lifts forecast as chip shortage eases, stock hits record
Shares of General Motors Co. closed at a record high Thursday after the company said its efforts to manage the global computer chip shortage have worked better than expected, so it's financial results will improve.
Jun 3, 2021
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2
Business
Nokia profit dips as it sees challenges in US market for 5G
The Finnish telecommunications networks provider Nokia on Thursday reported a smaller than expected drop in profit in the fourth-quarter while it acknowledged it was facing some challenges in the race for 5G networks, particularly ...
Feb 4, 2021
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0
Business
Toyota warns of 64% drop in full-year net profit
Toyota on Thursday warned of a 64 percent drop in full-year net profit and reported a slump in quarterly earnings, as the coronavirus pandemic shreds the global auto market.
Aug 6, 2020
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5
Business
Nokia profit up despite pandemic as new CEO takes over
Nokia has reported better than expected second-quarter earnings on the back of improved margins for telecoms equipment and software despite the coronavirus crisis causing a substantial drop in revenue.
Jul 31, 2020
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5
Automotive
Tesla sales surge as global demand picks up speed
Tesla's third-quarter sales jumped 44% as global demand for its electric vehicles outpaced that of most other automakers.
Oct 2, 2020
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6
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
