Also referred to as a profit and loss statement. By combining these elements, the income statement illustrates just how much income your company makes or loses during the year by subtracting cost ...

This is the final part of the profit and loss account. If the net profit figure is negative, the business has made a loss.

Net loss amounted to 26.1 billion won, marking a shift to a deficit. GS Retail explained that the decline in operating profit was due to poorer real estate market conditions affecting development ...