UK Accounting Glossary
Sales revenue less the cost of sales and operating expenses. Also known as operating profit, operating earnings, and income from operations.
After the downturn in the housing market, many construction companies are having to get by with much less operating income.
Because that restaurant also owns a small farm, they are able to raise and produce many of the foods they use, and their operating income requirements are lower.
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This glossary post was last updated: 15th February 2020.