Hi, could somebody please explain the term finance result. I know there is a rather simple explanation – but at the moment I can’t quite understand why you can have a positive net profit while your finance result is negative. Here is the text:
[i]Recording a consolidated net profit (after minority interests) of EUR 5.1 million, PC-WARE managed to lift its bottom-line result by 14.4% year on year, despite a negative finance result.
Depreciation and amortisation fell by 6.9 % year on year, thus resulting in a rise in earnings before interest and taxes (and minority interests) (EBIT) by 39.1 % to the record level of ?9.6 million. Earnings before taxes (and minority interests) (EBT), receded by 6.6 % year on year to ?7.7 million as a result of a negative finance result of minus ?1.96 million.[/i][YSaerTTEW443543]
TOEIC short conversations: Cancelling a stolen credit card[YSaerTTEW443543]