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profit
(redirected from Porfit)

   Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
profit
the amount by which income exceeds expenditure.

profit sharing
profit sharing between a professional and a lay person is illegal in most countries because it is considered to be improper for a nonveterinarian to have any authority over the quality and style of the work of a professional person.


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Their sales are over $2 billion/yr, and they have $200-million porfit after taxes, which is very respectable.
Financial Highlights ($ in 000s, except share data) Income Statement Summary Quarter ended June 30, 1996 1995 Sales $42,508 $23,518 Cost of sales $30,933 $18,249 Gross porfit $11,575 $ 5,269 Selling, general & administrative expense $ 3,188 $ 1,759 Income from operations $ 8,387 $ 3,510 Income before provision for income taxes $ 8,627 $ 3,879 Provision for income taxes $ 3,623 $ 1,602 Net income $ 5,004 $ 2,277 Net income per share $ 0.
 
 
 
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