I

Glossary · PSX term

Income statement.

The income statement shows a company's revenues, costs, and profit over a period.

Definition

Also called the profit and loss account, it runs from sales down through expenses, interest, and tax to net profit. It tells you whether the company made money during the quarter or year.

Worked example

A company reporting Rs. 50 billion revenue and Rs. 8 billion net profit shows that on its income statement.

Related on PSX Clarity

Cash flow statement

Earnings per share

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