Meaning of the word ebit in English

What does ebit mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

ebit

UK /ˈebɪt/

Noun

abbreviation for Earnings Before Interest and Taxes: a company's profits in a particular period, before taking away interest charges and tax payments:

Example:
The EBIT figure more closely reflects the group's cashflow for the half-year.