Net Profit


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Net Profit

 

in capitalist society, the profit left over after income taxes. Net profit, whose amount depends on the amount of gross profit and the magnitude of income taxes, is used by businessmen and monopolies for the expansion of production and for parasitic consumption. By maintaining secrecy in commercial operations, exaggerating the depreciation rate of fixed assets, and using sophisticated methods to falsify accounts, capitalists are able to understate their net profit and thereby pay lower taxes.

The net profit of socialist enterprises is the profit shown on the balance sheet—that is, the amount left over after subtracting payments made to the state from profits: capital charges, fixed (rent) payments, payments from the free profit remainder, and interest payments on loans. Net profit is used to form incentive funds, to augment the circulating capital of enterprises, and to finance certain capital investments.

References in periodicals archive ?
Of the three firms that logged a net profit in the first quarter, Hyundai saw a 146 percent year-on-year increase to 64.2 billion won from 38.1 billion won from the year before.
Vijaya Bank's net profit slumped to ` 142.59 crore from ` 161.45 crore in the April- June quarter of the last fiscal.
The firm's first-half net profit was KD54.57 million, up 10 per cent year-on-year, it said in a statement.
For the fourth quarter of 2013, net profit after tax was SEK19.4m, or EPS of SEK1.18, an improvement over net profit after tax of SEK14.6m, or EPS of SEK0.88, in Q4 of the prior year.
No other income statement component was disclosed with the exception of net profit and net profit before tax.
First-half net profit at Delen Investments increased by 32% on the year to EUR 39.4 million.
The firm said that its net profit excluding net special items for the Q2 '12 was USD 321m or USD 1.61 per diluted share.
Sumitomo Mitsui was helped by a consumer finance unit's return to the black, logging a 33.9 percent rise in net profit to 550.41 billion yen, already above its full-year forecast of 540 billion yen.
Summary: RIYADH: The aggregate net profit of all GCC-listed stocks stood at $52.21 billion in 2011, up by 29.8 percent YoY, according to a report by Global Investment House (Global).
Summary: UAE telecoms operator du on Tuesday reported a 15.4 percent rise in its fourth-quarter net profit before royalty payments, beating analysts estimates, as the telco added more subscribers during the quarter.
(BSE: 500104) has reported a net profit in the third quarter of fiscal ending December 31, 2012.
BANKING AND CREDIT NEWS-January 19, 2012--UralSib Bank's RAS net profit slips 7% in 2011(C)2012 M2 COMMUNICATIONS http://www.m2.com