Writebacks of bad debt ordsprog

Write-backs of bad debt will probably contribute to profit growth for another year or two.

Scott McGlashan

Our new fiscal year 2007 profit forecasts call for a fifth consecutive year of double-digit profit growth, driven by solid top-line growth as well as labor cost reductions.

Intuit posted strong revenue growth and even stronger profit growth during the third quarter, ... The company's performance positions us to end the year on track to meet our stated revenue and pro forma profit goals.

Stephen Bennett

Intuit posted strong revenue growth and even stronger profit growth during the third quarter. The company's performance positions us to end the year on track to meet our stated revenue and pro forma profit goals.

Stephen Bennett

The profit forecasts are rather strong, because I had thought that they might present nearly flat growth in profit in the new fiscal year.

Given the slowing economic environment, 2001 will be a challenging year, particularly in the first half, ... We are very focused on delivering solid profit growth for the year...Income growth combined with our share repurchase program should allow us to achieve high single- to low double-digit earnings per share growth.

Looking ahead, we are confident that the fundamental strength of our business will continue, ... We anticipate further local currency sales growth acceleration in the second half of the year as well as higher dollar operating profit growth, and we remain on track to achieve our stated target of double-digit earnings growth, before unusual items, for the third consecutive year.

We did achieve revenue growth in the (newspaper) segment for the year, but we didn't convert that revenue growth sufficiently to profit during the year. Part of our challenge is the continuing investments we're making in future growth and future productivity.

Robert Prichard

No. If there's profit, it'll go to reducing the debt. We're still carrying $30 million in debt.

We expect that this order will help us gain a widespread customer base in China, contribute to our revenue growth in 2006 and lead to higher fiber sales and increased profit in 2007 and beyond.

Nearly 60 percent of the 2006 budget is targeting projects that are expected to provide little or no volume growth this year but should contribute to strong growth in 2007 and beyond.

We had solid net earnings in PCs, strong profit performance in printing and imaging, and significant profit improvement in our measurement business. Clearly, our challenge is to convert order growth into stronger growth in revenue.

O you who believe! when you deal with each other in contracting a debt for a fixed time, then write it down; and let a scribe write it down between you with fairness; and the scribe should not refuse to write as Allah has taught him, so he should write; and let him who owes the debt dictate, and he should be careful of (his duty to) Allah, his Lord, and not diminish anything from it; but if he who owes the debt is unsound in understanding, or weak, or (if) he is not able to dictate himself, let his guardian dictate with fairness; and call in to witness from among your men two witnesses; but if there are not two men, then one man and two women from among those whom you choose to be witnesses, so that if one of the two errs, the second of the two may remind the other; and the witnesses should not refuse when they are summoned; and be not averse to writing it (whether it is) small or large, with the time of its falling due; this is more equitable in the sight of Allah and assures greater accuracy in testimony, and the nearest (way) that you may not entertain doubts (afterwards), except when it is ready merchandise which you give and take among yourselves from hand to hand, then there is no blame on you in not writing it down; and have witnesses when you barter with one another, and let no harm be done to the scribe or to the witness; and if you do (it) then surely it will be a transgression in you, and be careful of (your duty) to Allah, Allah teaches you, and Allah knows all things.

It is permissible for him to write with the idea of making a profit, but the resolution to atone, and even secularly to make reparations, would surely require that the profit be shared or even given over entirely to the causes he embraces.

Iraq's debt to the Russian Federation comes to $8 billion U.S. Pex Tufvesson rules the demo scene. and as far as the Russian government's position on this, it is not planning any kind of write-off of that debt.

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