BMW profits slump as legal woes, investment costs bite
German carmaker BMW reported a 29-percent drop in profits in 2019 on Thursday, blaming heavy legal costs and high investments in a challenging economic environment.
Mar 12, 2020
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German carmaker BMW reported a 29-percent drop in profits in 2019 on Thursday, blaming heavy legal costs and high investments in a challenging economic environment.
Mar 12, 2020
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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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German auto giant Volkswagen on Friday said it expected to see a significant sales increase this year as the industry bounces back from the coronavirus shock.
Feb 26, 2021
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India's largest software exporter Tata Consultancy Services on Friday reported quarterly earnings that missed analyst estimates, as higher wages and expenses hurt margins despite a strong order book.
Jul 8, 2022
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Indian software giant Infosys reported a lower-than-expected profit rise for the March quarter on Thursday and flagged softer revenue guidance on the back of global economic and financial uncertainty.
Apr 13, 2023
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Shares in Italian luxury sportscar maker Ferrari leapt ahead Monday after the company raised its 2019 targets and unveiled a partnership with Armani.
Nov 4, 2019
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Japanese carmaker Honda said Friday its first-half net profit dropped 19 percent on negative currency exchange rates and falling motorcycle sales, slightly revising down profit forecasts for the full year.
Nov 8, 2019
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Japanese conglomerate Toshiba said Monday it would hold an extraordinary meeting of shareholders on March 24 to vote on its plan to spin off its devices unit.
Feb 14, 2022
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German auto manufacturer BMW shook off the supply chain issues that plagued the industry in 2021 to post a record high net profit figure, the group said Thursday.
Mar 10, 2022
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Swedish telecoms giant Ericsson said Tuesday its net profit soared in 2021, with a better-than-expected performance in the fourth quarter despite losing ground in the key Chinese market.
Jan 25, 2022
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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