Fujifilm finds new niches, record profits amid pandemic
Scores of Japanese manufacturers less well known than Toyota and Sony are linchpins in world supply chains and innovation.
Jul 13, 2021
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Business
News tagged with net profit
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
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Automotive
Tesla 2Q deliveries rise over 1Q despite factory shutdown
Tesla says it delivered more electric vehicles worldwide in the second quarter than it did in the first. The increase came even though coronavirus restrictions forced it to shut down its only U.S. factory for much of the ...
Jul 2, 2020
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Business
Toshiba posts 35% decline in full-year net profit
Japanese conglomerate Toshiba on Friday said full-year net profit fell by more than a third due partly to weak sales in electronic devices and other one-off factors.
May 12, 2023
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Philips sees hit from product safety fault
Dutch firm Philips said Monday it anticipates a hit of up to 250 million euros ($302 million) from a possible safety risk in some sleep and respiratory care products, even as first quarter profits edged higher.
Apr 26, 2021
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Automotive
Top-end models drive Mercedes profit growth
Mercedes-Benz said Friday its net profits rose by 12 percent in the first quarter to 4.0 billion euros, buoyed by demand for its vans and priciest premium cars.
Apr 28, 2023
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Continental expands restructuring, hitting 30,000 jobs
German auto-parts maker Continental said Tuesday that it would expand its vast restructuring programme to affect 30,000 jobs, as the coronavirus pandemic ravages global vehicle production.
Sep 1, 2020
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Profits at India's TCS slump 13.8% as virus batters demand
India's largest software exporter Tata Consultancy Services (TCS) reported a 13.8 percent fall in quarterly net profits Thursday after the country's coronavirus lockdown disrupted its operations and pushed Western clients ...
Jul 9, 2020
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4
Automotive
Volkswagen says China recovery accelerating
Auto giant Volkswagen said Friday its recovery in China was accelerating, but sounded a note of caution on geopolitical risks as concerns grow over German dependence on the Asian giant.
Oct 28, 2022
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4
Business
Travel giant Expedia says it will cut 3,000 jobs
Online travel giant Expedia will cut about 3,000 jobs after what the company described in a statement as "disappointing" performance last year.
Feb 25, 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
