earnings before taxes

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Earnings before taxes (EBT)

A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. In other words, operating and nonoperating profit before the deduction of income taxes.

Earnings Before Taxes

A measure of a company's ability to produce income on its operations in a given year. It is calculated as the company's revenue less its expenses (such as overhead), but not subtracting its tax liability. EBIT represents cash available to pay off creditors in the event of liquidation, and, as such, it is closely watched, especially when comparing companies in jurisdictions with different tax laws. However, it is not as common a measure as earnings before interest and taxes.

earnings before taxes

References in periodicals archive ?
Operating earnings before tax totaled EUR 118 million in the first six months, a 27% increase compared to the same period in 2004.
Operating earnings before tax from life for account of policyholders amounted to a loss of EUR 62 million, compared to a profit of EUR 19 million in the first six months of last year.
Operating earnings before tax from fee business amounted to EUR 14 million, compared to the EUR 22 million achieved in the first six months of 2004.
Accident and health operating earnings before tax increased to EUR 28 million compared to EUR 9 million in the first six months of 2004.
General insurance operating earnings before tax increased 11% to EUR 20 million.
Turnover in property operations was NOK 750 million (406), and earnings before tax were NOK 77 million (45).
Earnings before tax amounted to NOK 4 million, compared with a NOK 63 million deficit in the same period last year.
Veidekke's property operations showed stable turnover in the quarter, while earnings before tax increased to NOK 50 million from NOK 40 million last year.
Turnover in property operations was NOK 422 million (426), and earnings before tax were NOK 50 million (40).
Earnings before tax increased by NOK 80 million to NOK 225 million.
Veidekke's turnover in Q2 was NOK 6,040 million (5,372), and earnings before tax were NOK 225 million (145).
In a statement, chief executive Mikael Silvennoinen said, 'Favourable developments in capital markets in the first quarter turned into uncertainty in the second quarter, with the result that our earnings before tax at fair value declined markedly year on year.

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