So even if you take out the losses on bad debt, the profit was still down.
Gives a bad name to non-profit orgs, in my view and unfortunately to the transparency business too.
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Why High Profit Margins Could Be Bad for the Bull Market originally appeared in the Daily Reckoning.
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The bank has plenty of reserves for bad debt but that takes away from profit, and the ability to invest in new business.
The energy boom has given bad guys the opportunity to seek new profit centers and has encouraged corrupt behavior in countries that produce oil and gas.
The emergence of the cost leader position will be bad news for the many for-profit online universities that have arisen in recent years and for numerous non-selective residential universities.
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It has also invited domestic banks, foreign banks such as Merrill Lynch, and even the best domestic corporations, to invest in asset-management companies that would buy bad loans to liquidate them at a profit.
With new capital rules looming, and China's banking system grappling with slowing profit growth and the potential for more bad loans, the ICBC sale appeared inevitable, they said.
While ICBC has consistently been the most-profitable big state-owned Chinese bank in recent years, the country's entire banking sector is grappling with slowing profit growth and a potential for more bad loans.
From the tax point of view it's not such a bad idea to run a museum as a for-profit venture.
That shows up on the big hospital chains' profit-and-loss statements, where bad debt levels have almost doubled to 10% of revenue since 2000.
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Profit surged, largely because of the comparison to a bad 2009.
Cost cutting, shrinking profit margins and a slow economy have influenced a lot of bad decision making.
Profit at Hong Kong-listed company plunged and it suffered from bad publicity at home one of its cars caught on fire after a collision in Shenzhen, which is located just north of Hong Kong.
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It has reduced its bad-loan mountain to a reasonable size but still desperately needs new sources of profit.
The profit is a "pro forma" number, which means throwing out the bad stuff.
Bad art has a way of becoming confused with ingenuity, mostly by those who stand to profit from the confusion.
Conn's jumped 2.56, or 16%, to 19.05, after the regional consumer-electronics and appliances retailer reported a fiscal fourth-quarter profit, as it benefited from higher average selling prices and set aside less to cover bad loans.
It has reduced its bad bank loans by more than half, and reoriented the financial and other sectors to more of a profit-driven, shareholder-conscious way of doing business.
Indeed, Drucker felt that a mission statement was as essential to the for-profit enterprise as to the non-profit one, and he stressed that failing to create one that was about more than money was bad for business.
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