Actual Profit for any Financial Year means the amount of consolidated net income of the Company for such Financial Year, after all charges and provisions for taxes and adjusted to exclude all Excluded Items, as determined by the Auditor based upon the Company Financial Statements for such Financial Year.

Actual Profit means: AP = EBIT + MC + IA where: AP is the Actual Profit in relation to any Concession Year; EBIT is the Operator’s earnings before interest and tax as identified in the Annual Audited Accounts for that Concession Year and before any adjustment in recognition of profit share under Schedule 11.4 (Profit Share); MC is the charge, if any, paid by the Operator to any Parent or any Affiliate of the Operator in that Concession Year for the supervision of the Operator’s performance of its obligations under this Agreement; and IA is the inter-group company adjustment, if any in relation to that Concession Year, which is the sum of the amounts by which the price of relevant contracts or arrangements with the Parent or any Affiliate exceeds the price of those contracts or arrangements, had they been concluded on arm’s length terms in accordance with paragraph 10.1 of Schedule 20 (Other Provisions) where it has been determined that those contracts are not on such terms, plus 10 per cent.;

Actual Profit means a profit that accrues to a person as a result of commercial or financial relations;

Examples of Actual Profit in a sentence

Variance of Actual Profit from Profit Forecast or Profit Guarantee Not applicable as there was no profit forecast or profit guarantee issued.
Actual, Profit & Loss by Class, Balance Sheet, Cash Fund Balances and Certificate of Deposit (CD) Schedule).
B3 Variance of Actual Profit from Forecast Profit There were no profit forecast or profit guarantees released to the public.
Where the Actual Profit Margin Report identifies that the Supplier has exceeded the Projected Profit Margin over the period set out in the Actual Profit Margin Report (“the Exceeded Amount”), the Parties shall agree within a reasonable period of time following receipt by DFID of the Actual Profit Margin Report how the Exceeded Amount should be apportioned.
Once the Commodity Trading is performed, the Hamish Jiddiyyah shall be offset against Actual Profit.

More Definitions of Actual Profit

Actual Profit has the meaning given to it in paragraph 3.2 of Part 4 of Schedule 14 (Profit Share);

Actual Profit means: AP  EBIT  MC  IA where: AP is the Actual Profit in relation to any Concession Year; EBIT is the Operator’s earnings before interest and tax as identified in the Annual Audited Accounts for that Concession Year and before any adjustment in recognition of profit share under Schedule 11.4 (Profit Share); MC is the charge, if any, paid by the Operator to any Parent or any Affiliate of the Operator in that Concession Year for the supervision of the Operator’s performance of its obligations under this Agreement; and IA is the inter-group company adjustment, if any in relation to that Concession Year, which is the sum of the amounts by which the price of relevant contracts or arrangements with the Parent or any Affiliate exceeds the price of those contracts or arrangements, had they been concluded on arm’s length terms in accordance with paragraph 10.1 of Schedule 20 (Other Provisions) where it has been determined that those contracts are not on such terms, plus 10 per cent.;

Actual Profit means the profit amount realised by the investment of funds placed in your Account as calculated by the Bank on a monthly basis;

Actual Profit the actual audited consolidated net profit after tax of the Target Group for the Profit Guarantee Period confirmed by the auditors retained by the Company “Promissory Note” the 12-month maturity no interest promissory note in the principal amount of HK$40,000,000 (subject to downward adjustment) to be issued by the Company to the Vendor in partial settlement of Consideration within 1 month after the Guaranteed Profit has been confirmed by the auditors retained by the Company “RMB” Renminbi, the lawful currency of PRC

Actual Profit means the Net Profit derived from the Shows during the Guarantee Period including but not limited to concerts, live entertainment, exhibition, etc“Annual General Meeting”the annual general meeting of the Company held on 21 June 2019“Best Shine”Best Shine (China) Entertainment Limited, of which approximately 99.9% of its interest is held by the Consultant and the remaining by an Independent Third Party“Board”the board of Directors“Business Day”a day other than (i) Saturday, Sunday or public holiday; or (ii) on which banks are closed for general banking business in Hong Kong“Company”Sun Entertainment Group Limited (previously known as “Sage International Group Limited”) (Stock Code: 8082), a company incorporated in the Cayman Islands and continued in Bermuda with limited liability, the Shares of which are listed on GEM“Completion”the completion of the Issuance in accordance with the terms and conditions of the Strategic Cooperation Agreement“Completion Date”the date on which the Issuance occurs“connected person(s)”has the meaning as ascribed to it in the GEM Listing Rules“Consultant”Mr. Tse Kar Ho, Simon“Cooperation Period”A term of three years commencing from the Effective Date of the Strategic Cooperation Agreement (being the Completion Date), which may be extended on such terms and conditions and for such further period as the parties may agree in writing“Director(s)”the director(s) of the Company

Actual Profit means for the period under measurement: the total revenue generated by the Concessionaire from the Concession less the Concessionaire’s total costs in the delivery of obligations under this Contract