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Shares Made Simple: A beginner's guide to the stock market by Rodney Hobson

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Chapter 11: Income Statement (Profit And Loss)

Companies normally publish their accounts twice a year:

  1. the ones issued after the end of the half year are called the interims, and
  2. those issued after the full year are called the prelims or finals.

A minority of companies, mainly large ones with international operations such as BP and Shell, issue quarterly accounts, in which case there are three interims and one final. For the sake of clarity we will concentrate on the majority of cases where there is just one interim set of results.

Strictly speaking the accounts are issued in the annual report but a full, preliminary version covering the 12 months is issued through the stock exchange so you do not have to wait longer than necessary. ...

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