Norseman Gold (LSE:NGL) Net Income : £-3.80 Mil (TTM As of Jun. 2014)

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What is Norseman Gold Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Norseman Gold's Net Income for the six months ended in Jun. 2014 was £-3.80 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jun. 2014 was £-3.80 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Norseman Gold's Earnings per Share (Diluted) for the six months ended in Jun. 2014 was £-0.01.

Norseman Gold Net Income Historical Data

The historical data trend for Norseman Gold's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Norseman Gold Net Income Chart

Norseman Gold Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Net Income

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1.80

-14.28

-45.00

-42.13

-3.80

Norseman Gold Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14
Net Income	Get a 7-Day Free Trial			1.80	-14.28	-45.00	-42.13	-3.80

Norseman Gold Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Norseman Gold's Net Income for the fiscal year that ended in Jun. 2014 is calculated as

	Net Income		(A: Jun. 2014 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-3.798	+	0	+	0	+	0
=	-3.80

Norseman Gold's Net Income for the quarter that ended in Jun. 2014 is calculated as

	Net Income		(Q: Jun. 2014 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-3.798	+	0	+	0	+	0
=	-3.80

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Net Income for the trailing twelve months (TTM) ended in Jun. 2014 was £-3.80 Mil.

Norseman Gold (LSE:NGL) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Norseman Gold's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jun. 2014 is calculated as

Earnings per Share (Diluted) (Q: Jun. 2014 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(-3.798	-	0)	/	405.510
	=	-0.01

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

Norseman Gold Net Income Related Terms

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Norseman Gold (LSE:NGL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norseman Gold PLC (LSE:NGL) » Definitions » Net Income

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Address

Website

http://www.norsemangoldplc.com

Norseman Gold PLC is engaged in the production, exploration, evaluation and development of mineral resources. It is involved in the operation of Central Norseman Gold Corporation Ltd (the Norseman Project). The Norseman Project is located adjacent to the Norseman township, approximately 725 kilometres east of Perth, Western Australia. Current operations source ore from the Bullen underground mine and the Harlequin underground mine using underground mining methods of airleg up dip room and pillar stoping and long-hole stoping.