Operating profit
Profit from the company's core trading, before financial income and costs.
Operating profit is revenue and other operating income less operating costs: goods and services, labour, depreciation and other running costs. Interest and exchange effects are left out.
It is the most direct read on whether the business itself works. A company can post a net profit from selling an asset while its trading loses money — operating profit keeps the two apart.
Where this figure comes from
Read from the “Operating profit (loss)” line of the income statement in the annual report.
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