Pro-Forma Earnings.

Pro forma earnings is a non-GAAP financial measure that companies use to report earnings. It is an adjusted net income figure that excludes one-time items, such as restructuring charges or the impact of an acquisition. The purpose of pro forma earnings is to give investors and analysts a better sense of a company’s underlying profitability. … Read more

Offshore Banking Unit (OBU).

An Offshore Banking Unit (OBU) is a specialised bank located in a jurisdiction outside of the bank’s home country. OBUs are typically used by multinational corporations (MNCs) and other large businesses to manage their cross-border transactions, in order to take advantage of favourable tax regimes and/or to minimise exposure to currency risk. In order to … Read more