Net income vs. profit

[Torsten]

Hi, what exactly is the difference between the terms 'net income' and 'profit'? When I read Wikipedia correctly, the term 'profit' is the UK equivalent to the US word 'net income'. Is that right? For example, according to Wikipedia, the German based Metro Group had a profit of $403 million last year while Google's 'net income' was over 4 billion $.

Many thanks,
Torsten

TOEIC listening, photographs: A large wall

[Hieupt]

They are same. Sometimes, in order to avoid misunderstanding, they might use "net profit".
_________________
Thank you very much,
Hieu Phan.

P/s: Please just correct if I'm wrong somewhere!

[Foah]

Hi Torsten,

after all, I imagine the difference is that `net income´ includes the fact that no more bills are to detract, whereat the `profit´ don´t give any clue whehter all the bills are paid or not.

I mean there are also terms in business life that I would poorly translate with "pure profit" or "after tax profit". The small word "net" implies that all taxes (or whatever bills) are paid, doesn´t it?

[Hieupt]

Yes, in general: Profit = Total Revenue - Total Expense
whereas Taxes is considered a kind of expenses.
_________________
Thank you very much,
Hieu Phan.

P/s: Please just correct if I'm wrong somewhere!

[Bharatpitti]

The term Profit normally connots profit from a particular activity or that from a particular business. Whereas the term Net income means profits and or losses of an individual or of a company or of a group, from all the activies or businesses together. Say, ABC Inc has 3 businesses. Profit from Business 1 is 1000 USD, from Business 2 it is 6000 USD and from Business 3 it is loss of 3000 USD. So Net Income of ABC Inc for the period will be 4000 USD.