net profit


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Profit

A company's total revenue less its operating expenses, interest paid, depreciation, and taxes. For example, suppose a widget manufacturer earns $1,000,000 in total revenue. The widgets cost $200,000 to make and his administrative and payroll expenses total $250,000. He also must subtract $50,000 in depreciation on his widget manufacturing equipment and pay $200,000 in taxes. His net income is stated as: $1,000,000 - $200,000 - $250,000 - $50,000 - $200,000 = $300,000.

net profit

net profit

the difference between a firm's SALES REVENUE and all COSTS. In accounting terms net profit is the difference between GROSS PROFIT and the costs involved in running a firm (including DEPRECIATION costs and INTEREST charges). In the UK, net profit may be expressed before or after deduction of CORPORATION TAX. See PROFIT, PROFIT-AND-LOSS ACCOUNT.

net profit

the difference between a firm's TOTAL REVENUE and all EXPLICIT COSTS. In accounting terms, net profit is the difference between GROSS PROFIT and the costs involved in running a firm. See PROFIT, PROFIT-AND LOSS ACCOUNT.
References in periodicals archive ?
Samsung and KB Kookmin saw their net profit increase 7.9 percent and 8.8 percent, respectively.
Earlier this week, Punjab National Bank, Union Bank of India and Syndicate Bank also reported lower net profits due to surge in NPAs.
Saudi Electricity Co, or SEC, the Gulf's largest utility firm, reported a 144 per cent jump in its net profit for the second quarter on Monday, beating analysts' forecasts because of a one-time gain.
However, net profit came in line with our view for 2H2013, reflecting either a positive surprise in non-interest income and/or lower-than expected provisioning charges/costs.
Bank J Van Breda & Co also saw its net profit go up by 10% to EUR 17.9 million.
On a GAAP basis, the company reported a net profit of USD 287m for Q2 '13 or USD 1.40 per diluted share.
Resona's net profit grew 45.4 percent to 229.21 billion yen.
By sector, 2011 aggregate net profits for GCC Banking sector increased by 15.4 percent YoY.
Du made a net profit before royalty of 497.4 million dirhams ($135.42 million), compared with a profit of 430.9 million dirhams in the same period a year ago, it said in a statement.
The company posted net profit of INR27.25bn in the quarter, compared to INR2.11bn in the year-ago period.
19 January 2012 - UralSib Bank saw its net profit for 2011 ease 7%, as calculated under Russian Accounting Standards, the Russian lender said on Wednesday.
Aggregate net profit of listed Kuwaiti companies for the nine months stood at 966.21 million dinars, down by 5.11 per cent year-on-year, compared to 1.02 billion dinars net profit for the corresponding period last year.