What does profit mean?

returns, proceeds, or revenue, as from property or investments. the monetary surplus left to a producer or employer after deducting wages, rent, cost of raw materials, etc.: The company works on a small margin of profit. advantage; benefit; gain. to gain an advantage or benefit: He profited greatly from his schooling. to make a profit.

What is a profit based company?

For accounting purposes, companies report gross profit, operating profit, and net profit (the "bottom line"). Profitable companies are attractive to investors as profits are either returned to shareholders as dividends or reinvested in the company, increasing stock value. What Does Profit Tell You?

What is operating profit?

Operating profit removes operating expenses like overhead and other indirect costs as well as accounting costs like depreciation and amortization. It is sometimes referred to as earnings before interest and taxes, or EBIT . Operating Profit = Revenue - Cost of Goods Sold (COGS) - Operating Expenses - Depreciation & Amortization

Is the organization run for profit?

The organization is not run for profit. The film made $1,000,000 in profit. The book can be read with profit by anyone who wants to understand how the system works. He profited by his experience/mistake. [=he learned something useful from his experience/mistake] Everyone can profit from reading this book.