The government also said it will impose a 20% capital gain tax on profit made from home sales.
The long departed Mr Nowrajee understood that while Hong Kong might gain its vitality from the ruthless pursuit of profit, it was also a place of spiritual questing and romantic longing.
PepsiCo reported a 20% profit drop from a one-time earnings gain last year, however first-quarter adjusted earnings came in ahead of expectations.
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Although profit was down, backing out a one-time gain from the year-ago figures reverses that result.
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Wrigley fears that food firms may not profit much from pharmaceutical gums, as drug suppliers may gain most of the value and drug approval costs are so high.
Its 31% increase in net income in the fourth quarter resulted primarily from higher operating profit, a pre-tax gain for the sale of its 18% ownership in the Game Show Network, and a lower effective tax rate.
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Similarly, for a short position that has become very profitable, you may move your stop-buy order from loss to the profit zone in order to protect your gain.
When the partnership makes a profit from its investments, under the law it is treated as a capital gain, and currently the long term capital gains tax rate is significantly lower than the rate on wages.
Legislators are hearing from hedge fund lobbyists and others who profit as these unregulated, high risk investment products gain acceptance.
The company benefited from the boost in the second quarter when profit swelled 64.6%, marking the biggest gain.
The company reported a net profit of 24 cents per share, down from 27 cents last year, without an 84-cent gain related to the split.
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