Guardian records first operating profit since 1998
The headline is incorrect. The Guardian recorded positive EBITDA, but did <i>not</i> record positive Operating Profit (almost universally used to refer to EBIT).<p>The original source[0] seems to deliberately conflate the two measures: "GNM has achieved its break even goal delivering an operating profit at EBITDA level of £0.8 million"<p>The BBC article then parroted the 'operating profit' part, leaving out the 'at EBITDA level' qualifier, thus turning a slightly misleading statement into a factually incorrect one.<p>[0] <a href="https://www.theguardian.com/p/bcd4a" rel="nofollow">https://www.theguardian.com/p/bcd4a</a>