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Gross Profit
(redirected from Gross operating profit)

    Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Gross profit
Sales minus the cost of goods sold.
Gross Profit
A company's revenue from sales in a given period of time less its cost of goods sold. Gross profit is easy to calculate and may provide a rough idea of a company's performance. However, it does not account for a number of very important expenses, such as marketing or employee salaries. For that reason, it is not as accurate of a measurement as net profit or EBIT.
gross profit
Total revenue of a business minus the cost of goods it sold. Gross profit does not include income from incidental sources and also excludes selling and administrative expenses. Compare net income.
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The company's gross operating profit was Dh531 million, up 37 per cent over the same period last year.
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According to one company report, better efficiencies and cost saving plans during 2009 also encouraged the growth of gross operating profits by almost 23%.
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To reach such target, Acer will have to maintain in the next three years 10% gross operating profit margin.
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