• bolexforsoup@lemmy.blahaj.zone
    link
    fedilink
    English
    arrow-up
    5
    arrow-down
    1
    ·
    edit-2
    7 months ago

    If it’s profit it’s net by definition. Gross can’t be profit. You’re thinking of revenue. Gross is total revenue before any costs deducted.

    • JackbyDev@programming.dev
      link
      fedilink
      English
      arrow-up
      2
      ·
      7 months ago

      You may need to realign your usage of phrases. Their 2024 Q1 financial statement has a line for “gross profit” and “net income/(loss) attributable to the owners of the parent.”

      • bolexforsoup@lemmy.blahaj.zone
        link
        fedilink
        English
        arrow-up
        1
        ·
        edit-2
        7 months ago

        I’m going off the number from the article that your dude linked. The guy said “€58 million in profit.” Totally possible he’s wrong though.

        • JackbyDev@programming.dev
          link
          fedilink
          English
          arrow-up
          2
          ·
          7 months ago

          I’m just saying there is a difference between “gross profit” and “net profit” because their official financial statement differentiates between it.

    • yeehaw@lemmy.ca
      link
      fedilink
      English
      arrow-up
      1
      ·
      7 months ago

      I dunno, my QuickBooks shows me gross and net profit. Gross profit is your income after you remove cost of goods sols (COGS). Net profit is what the org nets after everything else like payroll and other expenses.