Profit before income tax
Operating profit with financial income and costs added, before income tax is deducted.
This line takes operating profit, adds financial income (interest, dividends received, exchange gains) and subtracts financial costs (loan interest, exchange losses).
The gap between this line and net profit is the tax charge for the year, and in Malta it is a wide one: the rate on a company's chargeable income is thirty-five cents in the euro (Income Tax Act, Cap. 123, article 56(6)). A Maltese company showing profit before tax and net profit within a few per cent of each other is unusual and worth a look at the notes.
Where this figure comes from
Read from the income statement in the annual report.
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