Group underlying profit before tax/operating margin

It is also sometimes referred to as "Earnings Before Tax".

£38.5 million underlying profit before tax (£28.2 million 2017)

Records in pre-tax income of US$246 million and earnings of US$205 million

The current result before tax is – €11.2 million compared to – €7.8 million, as of December 31, 2016.

The French company achieved a current result before tax equal to 10% of the turnover, whilst the German company achieved 22.6%.

Moreover local taxes tap into value added in France, but into the current result before tax in Germany.

Positive Earnings Before Taxes thanks to external growth and accretive operations and rationalization of the Eclair Business Unit

Profit before tax from continuing operations is often used for profit-oriented entities.

The current result before tax of the company Filatures, weavings, bags, Ivory Coast (Filtisac) SA saw a decrease of 26% at the end of...

The reduction of the tax expenses is the consequence of the decline in income before taxes as well as a weakening of the effective tax rate.

The reduction of the tax expenses is the consequence of the decline in income before taxes as well as a weakening of the effective tax rate.

Recurring income tax rate measures the income tax rate related to Danone’s recurring performance and corresponds to the ratio Tax income and expenses related to recurring income and expenses over Total Recurring net income.

Recurring income tax rate measures the income tax rate related to Danone’s recurring performance and corresponds to the ratio Tax income and expenses related to recurring income and expenses over Total Recurring net income.

1 The average yearly income is the current result before taxes per self-employed worker = (operating revenue + mixed results & financial products) – (operating expenditures + financial costs).