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 ?
Lotte, Woori and KEB Hana saw their year-on-year net profit decline by 38.7 percent, 38.9 percent and 28.6 percent, respectively.
Similarly, Al Maha Petroleum Products Marketing reported a 15 per cent year-on-year decline in its net profit for the three-months period ended March 31, 2019.
The company's profits have been continuing to decrease, as on a quarterly basis, net profit for the second quarter (Q2) marked EGP 60.9m, down from EGP 142.5m in Q2 of 2014, the company had revealed.
BoB's net profit fell 23 per cent to ` 1,052 crore in the June quarter.
The deputy chairman of the NBD said that the results highlighted the growth momentum of the bank through the increase in loans and advances, customer deposits, operating profit and net profit.
Mizuho saw its stock evaluation losses fall by about 150 billion yen as a group, and combined with improved earnings at its securities unit, its net profit in the April-December period rose to 391.77 billion yen, up 44.5 percent from a year earlier.
The bank bagged net profits of RO 5 million compared to RO 3.87 million during the corresponding period last year.
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).
According to a report released by Turkey's banking regulation authority, BDDK, net profits of private banks dropped 19.8 percent to 2,934 million Turkish liras in Q1 2011 from 3,657 million over the same quarter a year earlier.
The Qatari Banking and Financial Institutions Sector, which includes nine banks, registered a growth of 20.59 percent in net profit for 9M-2010 which amounted to QAR 9.32 billion ($2.56 billion).
Kuwait reported an increase in net profits of 70.22pc last year but elsewhere the trend was downward with the Bahraini banking sector reporting the biggest losses in net profit as it declined by 35.23pc.
Averaging out reported figures from 37 papermaking companies that sell their stock on North American markets, the paper industry checks in with an average net profit margin of 0.60 percent.