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There is no discrepancy to explain. "Operating profit" is not "net profit". Specifically, operating profit consists of only line items generated from operations
by jdmichal 11y ago
There is no discrepancy to explain. "Operating profit" is not "net profit". Specifically, operating profit consists of only line items generated from operations, so mainly revenues less operating expenses. It does not include things like funding liabilities, interest, taxes, etc.
- sparky_z 11y agoThanks for explaining the discrepancy to me (though I'm not sure why you started by denying its existence). It would have been nice if the article had included that info.
- jdmichal 11y agoI denied its existence because there is no discrepancy. A discrepancy is a mismatch between two data sets. This is not a discrepancy, because the two numbers -- operating profit and net profit -- are not the same data set.