when all profits are deducted as taxes .... so the (after tax profit) equals ZERO ??!

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I've found a company's income statement in which the whole (before tax profit) amount is deducted as tax.
So, the (after tax profit) equals ZERO !!!
i wanna know how it comes ??
if there are some special cases in which it happen .... please specify them and tell me in details.
Thanx
 
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bklynboy

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try reading the notes to the financial statements. Would help to know what company this relates to or if its just an academic exercise.
 
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Profit before tax, that is after the net of tax gains or losses, debit interest, and revaluation? If so then it could happen, only it would be such a wierd coincidence the net income is an exact zero.
BR.
 

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