Gross Profit definition

Gross Profit means gross receipts minus the amount actually expended for the payment of prize awards.

Gross Profit means the amount by which the sum of the turnover and the amount of the closing stock and work in progress, exceeds the sum of the opening stock and work in progress and the amount of the uninsured working expenses.The amount of the opening and closing stocks will be arrived at in accordance with Your normal accounting methods, due provision being made for depreciation.

Gross Profit has the meaning set forth in Section 3.2.

Examples of Gross Profit in a sentence

• Gross profit margin in 2001 was 38.2%, a 0.5% decrease compared to 38.7% achieved in 2000.

• Income Statement For the year ended 31st March2011US$2010US$ Revenue 2,286,992 1,446,464Direct operating costs(417,784)(361,476) Gross profit 1,869,208 1,084,988Other income and gains146132,878 1,869,3541,217,866Administrative expenses(165,029)(157,939) Profit before finance expenses 1,704,325 1,059,927Finance expenses(1)(420) Profit before taxation 1,704,324 1,059,507Income tax expense(328,391)(229,123)Profit for the year1,375,933830,384 Figures in brackets indicate deductions.

• Gross profit For the three months ended June 30, 2018, gross profit decreased by 8.9% to $23.6 million, compared to $25.9 million in the three months ended June 30, 2017.

• Gross profit margin contributed from the continuing operations for the year decreased to 45.3% (2017: 50.0%).

• Gross profit margin decreased by approximately 6.5% from 23.0% in FY2021 to approximately 16.5% in FY2022 which was mainly due to the significant increase in cost of sales as mentioned above.Administrative Expenses The Group recorded administrative expenses amounting to approximately S$9.0 million in FY2022 (FY2021: approximately S$7.2 million).

More Definitions of Gross Profit

Gross Profit means sales minus the cost of goods sold.

Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

Gross Profit means, with respect to a fiscal year of the Company, the excess, if any, of (x) the sum of (i) the amount set forth in the Company's audited Consolidated Statements of Operations as set forth in the Company's annual report on Form 10-K (the "Income Statement") for such fiscal year with respect to the line item "Net income (loss)" plus (ii) the amount, if any, set forth in the Company's Income Statement for such fiscal year with respect to the line item "Income tax expense (benefit)", to the extent that there is "Income tax expense" less (iii) the amount, if any, set forth in the Company's Income Statement for such fiscal year with respect to the line item "Income tax expense (benefit)", to the extent that there is "Income tax (benefit)" plus (iv) the amount(s), if any, set forth in the Company's Income Statement for such fiscal year relating to any income tax expense included in any income or (loss) attributable to the discontinued operations and/or extraordinary items set forth in the Income Statement less (v) the amount(s), if any, set forth in the Company's Income Statement for such fiscal year relating to any income tax (benefit) included in any income or (loss) attributable to such discontinued operations and/or extraordinary items set forth in the Income Statement, over (y) the Excluded Amounts for such fiscal year.

Gross Profit means the amount by which the sum of the Turnover and the amount of the closing stock and work in progress exceeds the sum of the opening stock and work in progress and the amount of the Uninsured Working Expenses.

Gross Profit means as to any Performance Period the difference between gross revenue of the Company or any business unit and cost of goods sold of the Company or such business unit, in each case determined in accordance with GAAP.

Gross Profit means the sum produced by adding to the Net Profit the amount of Insured Standing Charges, or if there be no Net Profit, the amount of the Insured Standing Charges less such a proportion of any Net Trading Loss as the amount of the Insured Standing Charges bears to all the Standing Charges of the business.

Gross Profit means the sum produced by adding the Net Profit the amount of all Standing Charges or if there be no Net Profit the amount of all standing charges less any net trading loss.