Net Profit
(Profit for the Year).
Formula
Net Profit = Operating Profit − Interest − Tax
Real World
Apple reported a net profit of $97bn in 2023 — one of the highest ever recorded — reflecting its ability to generate enormous revenue while keeping interest and tax obligations manageable relative to earnings.
Exam Focus
Net profit is after interest and tax; don't confuse it with gross or operating profit — misidentifying the line loses marks on calculation questions.
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