gross profit


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gross profit

n
(Accounting & Book-keeping) accounting the difference between total revenue from sales and the total cost of purchases or materials, with an adjustment for stock
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.gross profit - (finance) the net sales minus the cost of goods and services sold
corporate finance - the financial activities of corporation
net income, net profit, profit, profits, earnings, lucre, net - the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
References in periodicals archive ?
* First-quarter 2019 gross profit increased 27.2% year-over-year to RMB1,055 million.
Organic grocer Organic Garage Ltd (TSX-V:OG) reported on Friday a rise in year over year sales and gross profits for its first quarter ended 30 April 2019.
New cars make up 32% of Lookers' gross profit. Total new UK car registrations in the period fell 2.4% to 701,036, and the Society Of Motor Manufacturers & Traders sees 2019 sales at 2.3 million, 2.3% lower on 2018.
- Gross profit margin increased to approximately 19.2% for the three months ended 31 March 2019 (Three months ended 31 March 2018: approximately 19.0%).
On quarterly basis, Ibnsina Pharma's revenues grew 35.5% y-o-y to EGP 3.9bn, while the gross profit stood at EGP 316.5m in the last quarter (Q4) of 2018, growing 38.4% year-on-year and yielding a margin of 8.1%.
* Segment gross profit increased $46 million, or 18 percent, to $304 million.
And the average gross profit fell to $55,000 from $70,000, a decline driven largely by higher prices that investors are paying for properties to flip.
The average accountant's definition tends to exclude staff wages and utility costs, while for insurance purposes, those are crucial to calculating an appropriate gross profit.
Gross profit amounted to P1.9 billion in the first three months, a year-on-year decrease of six percent, while gross profit margins registered at 42.1 percent as compared to 48.3 percent during the same period last year.
This slightly lower gross profit margin is mainly the result of the product mix within the Land Development and Property pillar, which saw more relative contributions from the sales of land plots in Kendal, which resulted in the overall gross profit margin for the Real Estate and Property pillar to come down to 60% in 2017, compared to 77% in 2016.
Our research uncovered evidence indicating that management teams at many public companies use overhead rates to manipulate interim quarters' gross profit margins.