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"We can't afford not to be profitable in mature markets like New York".
Italy's banking system has been "petrified" for the last 20 years, says Alberto Gallo of Royal Bank of Scotland, "built not to be profitable but for social interests" and closed "like a medieval castle" to foreign investors.
As a result of the crisis and near-zero rates in America, the dollar has become one, too.If markets were truly efficient, carry trades ought not to be profitable because the extra interest earned should be exactly offset by a fall in the target currency.
The silver business proved not to be profitable due to the opportunity cost of keeping a large amount of capital tied up in the inventory of silver.
Attempts to breed raccoons in fur farms in the 1920s and 1930s in North America and Europe turned out not to be profitable, and farming was abandoned after prices for long-haired pelts dropped in the 1940s.
Similar(54)
US Airways, which filed for Chapter 11 in July 2002, has not earned a profit since 1999 and does not expect to be profitable until 2005.
The food industry was also not interested in fighting malnutrition, in the past at least, as this struggle has not seemed to be profitable".
The startup is not profitable and notes in its plan to raise $250 million with an IPO that "we do not expect to be profitable for the foreseeable future".
The company does not expect to be profitable this year because of declining sales, although it does expect to return to profitability in 2002.
"It is not going to be profitable," says Mr Mallon bravely.
It said it did not expect to be profitable in 2011.
Related(20)
not to be worthwhile
not to be viable
not to be affordable
not to be beneficial
not to be efficient
not to be productive
not to be hypocritical
not to share profitable
not to be messy
not to be afraid
not to mention profitable
not to be hostile
not to be judgmental
not to be obnoxious
not to be dead
not to be ridiculous
not to be true
not to be picky
not to be moody
not to be melodramatic
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