UK Accounting Glossary
An abbreviation for “earnings before interest and tax.”
In accounting and finance, earnings before interest and taxes (EBIT) (also known as operating profit) is a measure of a firm’s profit that includes all incomes and expenses except interest expenses and income tax expenses.
When our company was reporting on its earnings, our directors focused largely on our EBIT, since they felt it was more representative of the companies overall performance.
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This glossary post was last updated: 28th December 2018.