The profit of a company in a year was 15864334,next year it grew by 784641.what was the profit of the company next year?
Answers
Answer:
Investing in profitable companies is a common strategy. How about investing in companies that have consistently increased their share of profits relative to their industry? These companies enjoy industry leadership and have strong pricing power. Moreover, they benefit from rising revenues and cost optimisation and are in a position to create barriers for new entrants. These are generally large, established companies that have adequate cash reserves which help them tide over different phases of the economic or business cycles.
We looked at the annual consolidated operating profit or earnings before interest, tax, depreciation and amortisation (Ebitda), including other income, for companies with market-cap greater than Rs 500 crore. We used operating profit instead of net profit because the former removes the effect of non-cash charges and varying capital structures and, therefore, provides a more accurate picture of the company’s competitive strengths.
Answer:
16648975
Step-by-step explanation:
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