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Is it possible that if a company's P&L is showing Gross Loss and also then net profit? If yes then please give reason?

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تم إضافة السؤال من قبل Anil Lalwani , Chief Accountant , Al Ahli Hospital
تاريخ النشر: 2016/11/04
Muhammad Jalil Inayatullah
من قبل Muhammad Jalil Inayatullah , Senior Accounts Officer , Raptor Global Logistics (Pvt) Ltd

Yes it is possible.

 

If any extra ordinary income i.e: (commission income or income from investments) realizes.

Soliman Abd  ALmalak Gendy
من قبل Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

This 's smart question

-Yes it can happen ,if the company got income from  other activities like as, an intrest, -investments.

Rayan Yunis
من قبل Rayan Yunis , Assistant Manager - Credit Control , Seib Insurance & Reinsurance Company

Yes it is possible for a company to have a bottom line net profit while having a gross loss. This happens if the company is actually realizing gains from activities that are not coming from the company's core line of business. These items are recorded separate from the company's normal operating income, particularly under Financial revenues (such as revenues from investments) or Extraordinary items (such as gains from selling major assets or major cutoff of expenses).

ISRAR AKBAR
من قبل ISRAR AKBAR , Senior Accountant , A.W.Rostamani Lumina LLC

Thanks to ALL, Nice Suggestions and Discussion forum.Appreciated

Tamer Elbeshbishy
من قبل Tamer Elbeshbishy , Financial and Administration Manager , Muscat Towers Holding Group

The Answer is YES .!!

As Long as the income statement gives us first the number of GROSS PROFIT / LOSS, then to deduct the admin+sales Expense. However, it adds the other revenues, and other expense, that could not directly related to the operations. 

In this case it means that the revenues under (other revenues) that not directly related to operation or it could relate to extra-ordinary items like disposal/selling  of line of production income .is MORE THAN the regular income from operation.

Nazmul Islam CMA
من قبل Nazmul Islam CMA , Manager , Robi Axiatal Ltd.

Yes. There might be some non operating income like interest & so on..........................................

Abdullatif Mohamed
من قبل Abdullatif Mohamed , Senior Accountant , Olaat Development

thanks for invitation

agree with all answers

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