View Original ArticleWed, 02 May 2012 10:24:33 -0700 Switzerland's biggest bank UBS AG on Wednesday reported a 54 percent drop in first-quarter net profit for 2012, mostly due to an accounting loss on its own debts as well as difficult market conditions.
Alon Holdings Blue Square - Israel Ltd. Announces Financial Results for the First Quarter of 2012
View Original ArticleTue, 29 May 2012 03:53:00 -0700 ROSH HA'AYIN, Israel, May 29, 2012 /PRNewswire/ --Alon Holdings Blue Square-Israel Ltd. (NYSE and TASE: BSI) today announced its financial results for the first quarter ended March 31, 2012.In the supermarkets ...
Perfect World Announces First Quarter 2012 Unaudited Financial Results
View Original ArticleTue, 29 May 2012 14:00:00 -0700 BEIJING, May 29, 2012 /PRNewswire-Asia/ -- Perfect World Co., Ltd. (NASDAQ: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator based in China, today ...
Taomee Reports First Quarter 2012 Unaudited Financial Results
View Original ArticleWed, 30 May 2012 14:00:00 -0700 SHANGHAI, May 30, 2012 /PRNewswire-Asia/ -- Taomee Holdings Limited (NYSE: TAOM) ("Taomee" or the "Company"), one of the leading children's entertainment and media companies in China, ...
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It might appear that the definition of profit and loss is self-explanatory. But of course these have definitions like everything else. Profit can be called different things, for a start. It's sometimes called net income or net earnings. Businesses that sell products and services generate profit from the sales of those products or services and from controlling the attendant costs of running the business. Profit can also be referred to as Return on Investment, or ROI. While some definitions limit ROI to profit on investments in such securities as stocks or bonds, many companies use this term to refer to short-term and long-term business results. Profit is also sometimes called taxable income.
It's the job of the accounting and finance professionals to assess the profits and losses of a company. They have to know what created both and what the results of both sides of the business equation are. They determine what the net worth of a company is. Net worth is the resulting dollar amount from deducting a company's liabilities from its assets. In a privately held company, this is also called owner's equity, since anything that's left over after all the bills are paid, to put it simply, belongs to the owners. In a publicly held company, this profit is returned to the shareholders in the form of dividends. In other words, all liabilities have the first claim on any money the company makes. Anything that's left over is profit. It's not derived from one element or another. Net worth is determined after all the liabilities are deducted from all the assets, including cash and property.
Showing a profit, or a positive figure on the balance sheet, is of course the aim of every business. Economic trends and consumer behaviors change and it's not always possible to predict these and what income they'll have on a company's performance.
