Business, Legal & Accounting Glossary
When calculating net trading profit, stocks are valued at either the cost or replacement value, depending on whichever is the lower.
Whilst the company has not yet made a trading profit, it certainly shows every prospect of doing so in the long term.
Last year, the company’s trading profit before charge on interest was £63 million.
The results showed a trading profit of £15.7 million on a turnover of £367 million.
We’ve seen trading profit rising grow from £30 million to £67 million in just two years.
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This glossary post was last updated: 1st April, 2020