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#TradersLeague Understanding PnL: A Key Financial Metric
Profit and Loss (PnL) is a fundamental financial statement summarizing a company's revenues, costs, and expenses over a specific period, typically a quarter or a year. It's often called an income statement. The PnL reveals a business's profitability by calculating net income (or loss) – the remaining profit after all expenses, including taxes, are deducted from revenue. Analyzing PnL helps stakeholders, from investors to management, assess financial performance, identify trends, and make informed decisions regarding operational efficiency and future strategies.