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How to Calculate Your Profitability: A Case Study

CFO Simplified

As Iowa State University reminds us, “profitability is the primary goal of all business ventures.”. Business leadership is often responsible for measuring current, past, and future profitability. But what is profitability? Understanding the cause was the first step to returning to profitability. The importance?

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Restatement of IL&FS accounts uncovers Rs 9,600cr loss instead of Rs 1,869 cr profit

CFO News

Meanwhile, the new leadership has divested a substantial portion of assets to settle a significant portion of debts owed to creditors. Several top executives of the three companies and auditors associated with some of them now face criminal charges due to the irregularities.

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Online Lender SoFi Sees $12M Loss In Q3

PYMNTS

Online lender Social Finance (SoFi) continues to struggle, recording an adjusted loss of around $12 million during the third quarter before interest, taxes, depreciation and amortization. The FinTech company has now recorded losses for the second consecutive quarter. In August, it posted a second quarter loss of about $200 million.

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The Mentoring Round | Emma Brown, CFO, Medius

CFO Thought Leader

This approach, simplifying structures and focusing on essentials, transformed a $40 million loss into a $15 million profit. 965: Removing Complexity for Strategic Success | Emma Brown, CFO, Medius The post The Mentoring Round | Emma Brown, CFO, Medius appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

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Ep 33: Driving Value Beyond the Balance Sheet

CFO Thought Leader

From Planning Ace’s Aaron Alt’s comments, the following themes emerge: Challenges of International Expansion : Alt details the ambitious yet ultimately unsuccessful attempt by Target to enter the Canadian market, highlighting the logistical, pricing, and consumer dissatisfaction issues that led to empty stores and financial losses.

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WeWork Says New Business Model Will Drive Profits By 2023

PYMNTS

Claure has also brought on new executives to the leadership team of the company, with the inclusion of former Publicis Groupe CEO Maurice Lévy. The changes are part of Claure’s roadmap to get the firm to profitability. Two more executives are also coming from SoftBank.

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Uber Eyes 2021 Profits, Uber Eats Notches 64 Pct Growth

PYMNTS

Profits, yes – on the horizon, according to management. And looking at the bottom line, the net loss of $1.1 The total net loss came in at 68 cents a share, better, in fact, than the 81 cents a share loss expected by the Street. The CEO said in remarks that the company should be profitable on an EBITDA basis by 2021.