Trading Profit definition

Trading Profit realized in any sale of any Shares or any Other Securities of any class or series by any member of the New Valley Group or by BGL, BGLS or any of their affiliates (the "BGL Group") means the excess, if any, of the actual price realized in such sale, net of all brokerage fees and commissions incurred in such sale, over the Weighted-Average Cost (as defined below in Section 4(h) and Section 4(i)) of the Shares or the Other Securities of such class or series sold. The "Trading Profit" existing on the Reference Date (as defined below in Section 5(a)) in respect of any Shares or Other Securities of any class or series held by the New Valley Group or the BGL Group as of such date means the excess, if any, of the Market Value (as defined below in Section 4(j) and Section 4(k)) as of the Reference Date of the Shares or the Other Securities of such class or series so held over the Weighted-Average Cost of such Shares or such Other Securities. Notwithstanding the foregoing, if the aggregate investment in Shares and Other Securities made at any time, either before or after the date of termination of this Agreement, by the New Valley Group, before giving effect to any sales of Shares and Other Securities held by the New Valley Group (the "Aggregate New Valley Investment"), exceeds the greater of (x) the sum of the First Stage Investment plus the Second Stage Investment and (y) the aggregate investment of the High River Group in Shares and Other Securities made prior to the date of the termination of this Agreement (the greater of such amounts being referred to herein as the "Target Investment"), then the "Trading Profit" realized on any sale of Shares or any Other Securities of any class or series, or existing on the Reference Date in respect of any Shares or any Other Securities of any class or series held by the New Valley Group on the Reference Date, means the product of (x) the "Trading Profit," calculated as set forth in the previous two sentences, multiplied by (y) a fraction, the numerator of which is the Target Investment and the denominator of which is the Aggregate New Valley Investment.
Sample 1Sample 2Sample 3
Trading Profit realized in any sale of any Shares or any Other Securities means the amount, if any, by which the actual price realized in such sale, net of all brokerage fees and commissions incurred in such sale, exceeds or is less than the Weighted-Average Cost (as defined below) of the Shares or the Other Securities. The "Trading Profit" existing on the Termination Date or the Reference Date (as applicable) in respect of any Shares or Other Securities held by the Companies as of such date means the amount, if any, by which the Market Value (as defined below) as of the Termination Date or the Reference Date (as applicable) exceeds or is less than the Weighted-Average Cost of such Shares or such Other Securities.
Sample 1
Trading Profit existing on the Termination Date or the Reference Date (as applicable) in respect of any Shares or Other Securities held by the Companies as of such date means the amount, if any, by which the Market Value (as defined below) as of the Termination Date or the Reference Date (as applicable) exceeds or is less than the Weighted-Average Cost of such Shares or such Other Securities.
Sample 1

Examples of Trading Profit in a sentence

  • TRADING PROFIT (continued)Operating lease payments– PropertiesAll the operating leases pertain to properties that are rented then sublet to Group-owned and franchised stores.

  • TRADING PROFIT Sales1,1291,575Cost of sales: Opening inventory(930)(914)Purchases(567)(861) (1,497)(1,775)Closing inventory850930Cost of Goods Sold(647)(845) Trading Profit482730 13.

  • TRADING PROFIT Trading profit is stated after taking account of the following items: Depreciation and amortisation Depreciation 2325220Amortisation 43322Total depreciation and amortisation for the period 35.1358242Depreciation and amortisation reclassified to cost of sales(13)(21)Total345221Employment costs The Group employed 10 891 (2015: 8 652) full-time equivalent employees at the reporting date.

  • Answer CHUKWU DEPARTMENTAL STORE TRADING, PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER, 2003.

  • TRADING PROFIT (continued)Operating lease payments– PropertiesAll the operating leases pertain to properties that are rented then sublet toGroup-owned and franchised stores.

  • TRADING PROFIT Trading profit is stated after taking into account the following items: Auditors’ remuneration – Audit fee21– Expenses—#—# 21Depreciation Owned and leased – Buildings45– Plant and machinery64– Vehicles21– Aircraft1—– Computer equipment45– Furniture and fittings2426 4141 Italtile Limited The s t yle.

  • TRADING PROFIT Sales1,5751,270Cost of sales:Opening inventory (914) (750)Purchases(861)(735) (1,775)(1,485)Closing inventory930914Cost of Goods Sold(845)(571) TRADING PROFIT 730 699 13.

  • Amount to be insured Gross Profit (representing the annual NET TRADING PROFIT added to the annual amount of the following STANDING CHARGES OF THE BUSINESS) Kshs: Delete charges not to be covered Interest on debentures, Mortgages, Loans, Bank overdrafts and other borrowed capital, Rent Rates and taxes, Director’s fees, Auditor’s fees, Insurance premiums, Advertising charges, Travelling expenses, Salaries to permanent staff, wages to skilled Employees.

  • TRADING PROFIT Trading profit is stated after taking into account the following items: Auditors’ remuneration – Audit fee21– Expenses—#—# 21Depreciation Owned and leased – Buildings45– Plant and machinery64– Vehicles21– Aircraft1—– Computer equipment45– Furniture and fittings2426 4141 #Less than R1 million.Notes to the group financial statements continued for the year ended 30 June 2009 2009 2008Rm’s Rm’s 5.

  • H1Name of business H2Business code H2AType of business activity TRADING, PROFIT AND LOSS ACCOUNTBALANCE SHEET FIXED ASSETS:H3Sales or turnover .


More Definitions of Trading Profit

Trading Profit means the Takings less the cost of goods or materials (with due adjustment for opening and closing Stocks) relative thereto.
Sample 1
Trading Profit or “EBITDA” means net earnings before interest, income taxes, depreciation and amortization. It provides an indication of the Company’s operating performance before allocating the cost of interest, income tax and capital investments;
Sample 1

Related to Trading Profit

  • New Trading Profits means the excess, if any, of Net Assets of the Partnership managed by the Advisor at the end of the fiscal period over Net Assets of the Partnership managed by the Advisor at the end of the highest previous fiscal period or Net Assets of the Partnership allocated to the Advisor at the date trading commences by the Advisor for the Partnership, whichever is higher, and as further adjusted to eliminate the effect on Net Assets of the Partnership resulting from new capital contributions, redemptions, reallocations or capital distributions, if any, made during the fiscal period decreased by interest or other income, not directly related to trading activity, earned on the Partnership’s assets during the fiscal period, whether the assets are held separately or in margin accounts. Ongoing expenses shall be attributed to the Advisor based on the Advisor’s proportionate share of Net Assets of the Partnership. Ongoing expenses shall not include expenses of litigation not involving the activities of the Advisor on behalf of the Partnership. Ongoing expenses include offering and organizational expenses of the Partnership. No Incentive Fee shall be paid to the Advisor until the end of the first full calendar quarter of the Advisor’s trading for the Partnership, which fee shall be based on New Trading Profits (if any) earned from the commencement of trading by the Advisor on behalf of the Partnership through the end of the first full calendar quarter of such trading. Interest income earned, if any, shall not be taken into account in computing New Trading Profits earned by the Advisor. If Net Assets of the Partnership allocated to the Advisor are reduced due to redemptions, distributions or reallocations (net of additions), there shall be a corresponding proportional reduction in the related loss carryforward amount that must be recouped before the Advisor is eligible to receive another Incentive Fee.

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Floating Profit/Loss means current profit/loss on Open Positions calculated at the current Quotes.

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • Non-Profit means a qualified non-profit entity as defined in Section 42(h)(5)(C), subsection 501(c)(3) or 501(c)(4) of the IRC and organized under Chapter 617, F.S., if a Florida Corporation, or organized under similar state law if organized in a jurisdiction other than Florida, to provide housing and other services on a not-for-profit basis, which owns at least 51 percent of the ownership interest in the Development held by the general partner or managing member entity, which shall receive at least 25 percent of the Developer fee, and which entity is acceptable to federal and state agencies and financial institutions as a Sponsor for affordable housing, as further described in Rule 67-48.0075, F.A.C.

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Earnings Per Share means as to any Fiscal Year, the Company’s or a business unit’s Net Income, divided by a weighted average number of common shares outstanding and dilutive common equivalent shares deemed outstanding, determined in accordance with generally accepted accounting principles.

  • 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.

  • Adjusted Operating Income for each year in the Performance Period is defined as the Company’s net income from continuing operations as reported in the Company’s financial statements (including accompanying footnotes and management’s discussion and analysis), adjusted as set forth in the immediately following sentence. In calculating Adjusted Operating Income, net income from continuing operations shall be adjusted as follows: first (A) remove the after-tax effects of the following items: (i) losses (net of reinsurance) from catastrophes (as designated by the Insurance Service Office’s Property Claims Service Group, the Lloyd’s Claim Office, Swiss Reinsurance Company’s sigma report, or a comparable report or organization generally recognized by the insurance industry, and reported by the Company as a catastrophe); asbestos and environmental reserve charges (or releases); net realized investment gains or losses in the fixed maturities and real estate portfolios; and (ii) extraordinary items, the cumulative effect of accounting changes and federal income tax rate changes, and restructuring charges, each as defined by generally accepted accounting principles in the United States, and each as reported in the Company’s financial statements (including accompanying footnotes and management’s discussion and analysis); (B) reduced, as to the first year in the Performance Period (20XX), by $XXXXXX, as to the second year in the Performance Period (20XX), by $XXXXXX times the ratio of: the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium divided by the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium, and as to the third year in the Performance Period (20XX), by $XXXXXX times the ratio of: the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium divided by the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium; and (C) reduced by an amount intended, as of the date of this award, to approximate historical levels of credit losses (on an after-tax basis) associated with the Company’s fixed income investments, determined by (i) multiplying a fixed factor, expressed as 2.25 basis points, by the amortized cost of the Company’s fixed maturity investment portfolio at the beginning of each quarter during the relevant year in the Performance Period and (ii) adding the after-tax sum of the amounts resulting from (i) for such year in the Performance Period.

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Corporation receives from portfolio companies) accrued during the calendar quarter, minus the Corporation’s operating expenses for the quarter (including the Base Management Fee, expenses reimbursed to the Adviser under this Agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the Incentive Fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Corporation has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • unrealized profits means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date).

  • Return on Invested Capital for a period shall mean earnings before interest, taxes, depreciation and amortization divided by the difference of total assets less non-interest bearing current liabilities.

  • adjusted underlying revenue means total income other than:

  • Gross Income from Operations means, during any period, all sustainable income as reported on the financial statements delivered by Borrower in accordance with this Agreement, computed in accordance with GAAP, derived from the ownership and operation of the Property from whatever source during such period, including (i) Rents from Tenants that are in occupancy, open for business and paying full contractual rent without right of offset or credit, (ii) utility charges, (iii) escalations, (iv) forfeited security deposits, (v) interest on credit accounts, (vi) service fees or charges, (vii) license fees, (viii) parking fees, (ix) rent concessions or credits, (x) income from vending machines, (xi) business interruption or other loss of income or rental insurance proceeds, (xii) other required pass-throughs and (xiii) interest on Reserve Funds, if any, but excluding (i) Rents from month-to-month Tenants, Tenants during a free-rent period, or Tenants that are included in any Bankruptcy Action, (ii) sales, use and occupancy or other taxes on receipts required to be accounted for by Borrower to any Governmental Authority, (iii) refunds and uncollectible accounts, (iv) sales of furniture, fixtures and equipment, (v) Insurance Proceeds (other than business interruption or other loss of income or rental insurance), (vi) Awards, (vii) unforfeited security deposits, (viii) utility and other similar deposits and (ix) any disbursements to Borrower from the Reserve Funds, if any. Gross income shall not be diminished as a result of the Security Instrument or the creation of any intervening estate or interest in the Property or any part thereof.

  • Earnings from Operations for any period means net earnings excluding gains and losses on sales of investments, extraordinary items and property valuation losses, as reflected in the financial statements of the Company and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Total Profit means the aggregate amount (before taxes) of the following: (i) the amount received by Grantee pursuant to Issuer's repurchase of the Option (or any portion thereof) pursuant to Section 7, (ii) (x) the amount received by Grantee pursuant to Issuer's repurchase of Option Shares pursuant to Section 7, less (y) the Grantee's purchase price for such Option Shares, (iii) (x) the net cash amounts received by Grantee pursuant to the sale of Option Shares (or any other securities into which such Option Shares are converted or exchanged) to any unaffiliated party, less (y) the Grantee's purchase price of such Option Shares, (iv) any amounts received by Grantee on the transfer of the Option (or any portion thereof) to any unaffiliated party, and (v) any amount equivalent to the foregoing with respect to the Substitute Option.

  • EBIT means earnings before interest and taxes.

  • Adjusted EPS means earnings per share further adjusted for share-based payments, amortization of acquired intangible assets, items outside the normal scope of our ordinary activities (including other items, within selling, general and administrative expenses, losses/(gains) on items held at fair value and remeasurements through profit and loss, impairment losses on tangible assets, and impairment losses on intangible assets) and the related tax effects of these adjustments. Adjusted EPS provides a basis for comparison of our business operations between current, past and future periods by excluding items that we do not believe are indicative of our core operating performance. Adjusted EPS may not be comparable to other similarly titled metrics of other companies.

  • EPS means earnings per share.

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.

  • EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period

  • Adjusted Net Operating Income or “Adjusted NOI” means, for any period, the Net Operating Income of the applicable Hotel Properties for such period, subject to the following adjustments:

  • Adjusted Net Earnings from Operations means, with respect to any fiscal period of Foamex, the net income of Foamex and its Subsidiaries after provision for income taxes for such fiscal period, as determined in accordance with GAAP on a consolidated basis (excluding the Joint Ventures and the China Joint Venture) and reported on the Financial Statements for such period, excluding any and all of the following included in such net income: (a) gain or loss arising from the sale of any capital assets; (b) gain (or loss) arising from any write-up (or write-down) in the book value of any asset; (c) earnings of any Person, substantially all the assets of which have been acquired by Foamex or any of its Subsidiaries in any manner, to the extent realized by such other Person prior to the date of acquisition; (d) earnings of any Person (other than Foamex Canada and the Mexican Subsidiaries and their respective Subsidiaries) in which Foamex or any of its Subsidiaries has an ownership interest unless (and only to the extent) such earnings shall actually have been received by Foamex or any of its Domestic Subsidiaries in the form of cash distributions; (e) earnings of any Person to which assets of Foamex or any of its Subsidiaries shall have been sold, transferred or disposed of, or into which Foamex or any of its Subsidiaries shall have been merged, or which has been a party with Foamex or any of its Subsidiaries to any consolidation or other form of reorganization, prior to the date of such transaction; (f) gain or loss arising from the acquisition of debt or equity securities of Foamex or any of its Subsidiaries or from cancellation or forgiveness of Debt; and (g) gain or loss arising from extraordinary items, as determined in accordance with GAAP.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Net Profit means such profit as is calculated in accordance with paragraph 61;