+0
The net profit was boosted by 1.09 billion euros ($1.31 billion) in one-off gains on the sale of non-core assets, Philips said on Monday. Analysts polled by Reuters had on average expected net profit of 1.255 billion euros

what do " one-off" and " non-core assets" mean in this sentence?

Thanks!

Lynn
Comments  
Hmmm. Business lingo.

Non-core assets are assets that a business owns which are not essential to the functioning of the said business. As such, they may be easily liquidated or sold off in order to salvage operations.

For example, to a candy manufacturer, the machine that cooks the candy is a core asset, because if they didn't have it, they would not be able to produce anything. But the excess stock of candy can easily be sold to cut losses, or even a delivery van or two.

Unfortunately, I cannot fully explain the "one-off" term.
Am back.... looked up the definition of one off, and all I could find is that it's supposed to be an event that happens only once and is not repeated. So I guess that since they've sold off their assets and no longer have them, the earnings are "one off" because they will never again occur from the same assets.

I think.
Students: We have free audio pronunciation exercises.
HI! Barbara,

Can I find them in from a dictionary?

Lynn
Hello there, Lynn. you can get the definitions online, but I think you'll have to get a specific dictionary if you want to see it in print, as it's business jargon. Emotion: smile
Hi! Barbara,

Would you recommend me a good for business jargon?

Thanks!

Lynn
Students: Are you brave enough to let our tutors analyse your pronunciation?
A non-core asset is something of value that a business has that is not directly connected with the main function of the business. An example would be a large brewery buying a smaller brewery and as part of the deal getting a small painting and decorating company as well. If the large brewery now sells the painting and decorating company it will be a one-off gain because they can only sell it once. It is a contribution to profits that they cannot repeat.