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What is profit and loss statement?

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What is profit and loss statement?

Profit and loss statement is a very crucial aspect of the world of commerce. If you have to work on your financial statement in a flawless manner then you need to focus on P&L along with all the goals as well as values.

Profit and loss statement or P& L happens to be a crucial financial record or statement that abridges all the essential records related to costs, revenues, expenses as well as other pecuniary details of an organization or a commercial entity during a year or a specific point of time. With the help of this statement it can be shown how a company or commercial entity can convert its revenues into prominent net income.

How can you use it?

You can choose to use profit and loss statement to count the chickens when they hatch (in other words, count the profits that you make all throughout a year). It appears to be a very reliable tool for you when it comes to determining the sales prices as well as deciding effectual sales targets. You can choose to develop the P&L statements based on monthly, quarterly as well as yearly paradigms.

Aspects to be covered in profit and loss statement

Here is an all-inclusive list of the crucial aspects, which are going to be covered in a P&L statement-

Choose to use P&L statements to your maximum benefits. Grab the latest details and updates about them. You can bet that they can help you a great deal in your personal finance for sure.

Profit and loss statement is a very crucial aspect of the world of commerce

What are the three essential aspects of P&L

Two important aspects of P&L are

  • Statement of cash flowStatement of cash flow does take a crucial role in terms of deciding the actual profit margins achieved by your commercial organization or professional organization.
  • Balance sheet – Your Balance sheet is a crucial instrument which would be of great help in terms of evaluating vital aspects such as taxes, earnings, payments, debt related issues etc.
  • Gross profit- Gross profit happens to be the other essential aspect of P&L statement. You need to take good care of this facet as you become able to showcase the core profitability of your business.

Mathematical equations to figure out P&L

If you intend to figure out your profit and loss statement in a real easy manner then you are required to use a simple equation. All you need to do is subtract your expenses from the revenues earned by you. Whatever is the result is your profit margin or the P&L statement.

If you are a startup or a highly established business entity you are going to work on P&L statements as a good deal of your progress is depending on this crucial aspect. Right now it is more of a mandate to include GST related aspects in the P&L statement that you get crafted.

If you value your commercial establishment and if you intend your business to grow in a profuse manner then you need to make it sure that you get your statement crafted by entities who excel in figuring out operating profit, debt repayment, operating expenses, total revenue etc.

Finance

SH Capital Ltd launches in Dubai to support SMEs with global banking services

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SH Capital Ltd launches in Dubai to support SMEs with global banking services 1

Fintech provider to reconnect businesses with international banking services, digital treasury management solutions, risk management and cash investment products

A new digital treasury services management provider SH Capital Ltd (SHC), launches in Dubai today with a plan to empower small and medium sized enterprises (SMEs & MMEs) by offering world class global banking services, asset management, FX hedging solutions, investment products and services.

SH Capital is a subsidiary of parent company Stanhope Financial Group, which launched with $3.5m funding in November last year.  In December, the group also announced the launch of its EU headquarters in Lithuania after obtaining its Electronic Money Institution licence.

The independent fintech firm, which has received its in-principle approval Cat 3A regulatory licensing from the DFSA, Dubai, is set to begin trading as of end of Q2’21, with a mission to help companies meet their financial goals during the Covid-19 recovery.

SHC will act as an intermediary for clients, helping them to access leading and global tier one cash investment products. The Stanhope team of leading industry experts will also advise on commercial paper, money market funds, futures, options, ETFs & FX hedging solutions.  Additionally, SHC has already partnered with a number of global counterparties, exchanges and e-trading venues to provide liquidity in the equity, FX, fixed income and commodity markets for all clients.

In spite of recent market volatility due to Covid-19, SHC are also committed to providing bespoke financial strategies for companies as matched principle, designed to meet their risk tolerance and position them ahead of the curve for both short and long-term financial goals.

To do this, SHC leverages the latest RegTech and blockchain technology, which helps to significantly reduce CBR risk and service friction, whilst maintaining a fast, secure and transparent service.  More specifically, AML, KYC, trade monitoring and a distributed ledger technology are just some of the technology utilised for an efficient and safe execution of service.

Speaking to Global Banking and Finance Review, Khalid Talukder, Managing Director, SH Capital Ltd, said: “For ambitious businesses within the GCC, getting multi-product access and global reach of investment instruments and solutions will be a critical priority for 2021 and beyond.

“Key to SH Capital’s offering is that we have the ability to aggregate high tier one investment solutions in a single venue, delivered digitally through our platform. This gives clients a greater choice and reach over the instruments that they can invest in, as well as our ability to help create a bespoke portfolio on a client-by-client basis through our holistic approach to client service. “

“Dubai is quickly being recognised as a global hub of fintech and innovation, being home to some of the fastest growing, most exciting firms on the planet.  With postponed Dubai Expo launching in the Autumn of 2021, we are perfectly placed to support these business to maximise this global showcasing opportunity.

Many of these businesses struggle to gain access to efficient and high quality digital asset management and investment products globally to support their treasury activities.  We aim to provide a fully digital service offering via our platform allowing easy access to various cash asset management products, services and investment products that they need in order to thrive in an increasingly competitive global world.

SH Capital Ltd will change all that, reconnecting these fast-growing firms mid-market corporates which are the backbone of GCC commerce with the products offered by Tier 1 financial institutions, as well as offering treasury consultancy to take them to the next level.

With over 70 years combined experience in our team of financial professionals, shared with quantitative-driven data insight, regulatory technology and blockchain, we are confident we can provide a consistent treasury management service, free from delays, security issues and unfair charging, to all firms in need of assistance during this difficult Covid period and beyond.”

Kevin von Neuschatz, Group CEO, Stanhope Financial Group added, “We’re excited to have received our operating licence and formally launch SH Capital Ltd in Dubai. Our on-the-ground team of experts will begin trading immediately, providing ambitious businesses across the region with tier one banking and payments services to enable rapid growth during an incredibly challenging time.

This is the first of many expansion plans for the Stanhope Financial Group, with similar launches in Europe and other key regions in the first part of 2021.”

 

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Daily Mail publisher posts 15% drop in quarterly revenue

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Daily Mail publisher posts 15% drop in quarterly revenue 2

LONDON (Reuters) – The publisher of Britain’s Daily Mail newspaper said that group revenue fell 15% in the three months to the end of December, dragged down by falls in print advertising revenues at its papers and by cancellations in its events business.

Daily Mail and General Trust said that group quarterly revenue came in at 304 million pounds ($416 million), down 15% on an underlying basis, but excluding the impact of cancelled events it was down 5%.

At its newspapers, print advertising revenues fell 38%, compared to an 8% rise in digital advertising. The group said that the impact of the pandemic meant it was difficult to provide short-term forecasts.

($1 = 0.7301 pounds)

(Reporting by Sarah Young; editing by Michael Holden)

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Dollar slides vs. most currencies on optimism about Biden administration

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Dollar slides vs. most currencies on optimism about Biden administration 3

By Gertrude Chavez-Dreyfuss and Saqib Iqbal Ahmed

NEW YORK (Reuters) – The dollar fell against most currencies on Wednesday, as risk appetite held up on optimism about a massive stimulus package under the new Joe Biden administration that will likely bolster a U.S. economic recovery.

The greenback slid against the yen as well as currencies tied to commodity prices such as the Australian, Canadian, New Zealand dollars, and the Norwegian crown. The U.S. dollar dropped to a three-year low versus its Canadian counterpart and sterling, while hitting a two-week trough against the yen.

The S&P 500 climbed to a new all-time peak, while U.S. crude futures gained as the risk rally carried on.

Biden was sworn in as the 46th president of the United States on Wednesday, vowing to end the “uncivil war” in a deeply divided country reeling from a battered economy and a raging coronavirus pandemic that has killed more than 400,000 Americans.

The new government is expected to push through Congress a nearly $2 trillion U.S. fiscal stimulus plan.

“Once you are no longer uncertain about something and it materializes, the overall optimism grows and gives way to the global recovery narrative,” said Juan Perez, senior FX strategist and trader at Tempus Inc. in Washington.

“The election and the issues after — all of them played a dramatic role, but now it’s over. Joe Biden is president and stimulus hopes are, like some markets, at a record high,” he added.

In afternoon trading, the dollar fell 0.4% against the yen to 103.54, sliding to a two-week low earlier in the session to 103.45.

The U.S. dollar tumbled to a three-year low versus the Canadian currency at C$1.2607, after the Bank of Canada on Wednesday opted not to cut interest rates. The greenback was last down 0.7% at C$1.2642.

The Aussie dollar rallied 0.6% to US$0.7745, while the New Zealand currency also gained 0.6% to US$0.7167.

Sterling rose to a three-year high versus the dollar of $1.3720, but surrendered some of those gains to trade up just 0.1% at $1.3643.

A combination of heightened risk appetite in global markets and UK-specific optimism lifted the pound on Wednesday.

The dollar index, meanwhile, was up 0.1% at 90.483. Since the beginning of the year, the index has posted a modest 0.5% gain.

Futures positioning data still shows that investors are overwhelmingly short dollars as they figure that budget and current account deficits will weigh on the greenback.

The euro fell 0.2% against the dollar to $1.2106.

European countries are struggling to contain the contagion of the coronavirus amid worries that a new variant could lead to more stringent lockdowns and more economic pain.

Investors are also fretting about the slower pace of the rollout of vaccines relative to the United States and Britain, which may hobble economic recovery in the euro zone.

(Reporting by Saqib Iqbal Ahmed and Gertrude Chavez-Dreyfuss; Editing by Mark Heinrich and Sonya Hepinstall)

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