00 percent higher
pre-tax returns, on an annualized basis, than savings accounts," said Karthik Srinivasan, senior vice president and group head - Financial Sector Ratings, ICRA Limited.
The report illustrates historical and projected
pre-tax returns on equity (ROE) by business line.
But such strategies could theoretically come at a cost: Funds seeking to avoid tax burdens might constrain their investment opportunities and thus potentially reduce their
pre-tax returns.
After-tax returns can give a materially different view of the real value that managers deliver to clients and the ranking of these managers, compared to assessments made using
pre-tax returns.
The profitable underwriting results have enabled the company to record consecutive years of double-digit
pre-tax returns on revenue.
Investors can also consider NCDs issued by companies that offer
pre-tax returns of up to 11.
Knowing this distinction will prove essential in realizing the potential high
pre-tax returns available in the secondary mortgage market.
It focuses on niche markets with margins of over 10%,
pre-tax returns on capital in excess of 15% and ones strongly cash-generative.
It focuses on niche markets with margins of more than 10%,
pre-tax returns on capital in excess of 15% and ones that are strongly cash-generative.
If the proposed reforms were adopted, no income generated by any hedge fund, real estate fund, or private equity fund would be subject to the UBIT, and, if the investments are otherwise comparable, the tax-exempt entity would choose among investment options by selecting investments based on
pre-tax returns.
Betas are also measured in the standard way, using
pre-tax returns.
SRI indicated that nearly 87 percent of Lebanese ICT firms made profits during 2005 and 2006, with 64 percent reporting
pre-tax returns on sales.
