Profit before interest and tax: Difference between revisions
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Revision as of 20:14, 17 November 2015
(PBIT).
A measure of the operating profitability of a business, before taking account of the effects of either:
- The chosen capital structure; or
- Taxation.
The purpose of the PBIT measure is to facilitate comparability of underlying businesses, cleaned of any distortions caused by different capital structures or different tax positions.
