Financial Statements
Net Income
Definition
What is Net Income?
Profit remaining after operating costs, financing costs, taxes, and other recognised items.
Example in practice
How This Looks in Practice
The company earns ₦120 million net income for the year.
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Related Terms
Financial Statements
Revenue
Income generated from selling goods or services before expenses are deducted.
Financial StatementsSales Growth
The percentage increase or decrease in revenue over a period.
Financial StatementsCost of Goods Sold
Direct costs attributable to goods or services sold during a period.
Financial RatiosGross Margin
Gross profit expressed as a percentage of revenue.