Originally Posted by
Omlette
It actually makes sense though still expect less.
Profit share is based on the criteria (assuming we make 17-18 billion profit this year and the target was just under 12 billion, so 6 billion over. Last year we were 8 billion over target. 16 weeks would make sense compared to last year. If they paid 26 weeks as pure profit share last years 24 weeks wouldn’t look right.
The bonus I assume would be some kind of Chairman’s award/thank you due to the volume of profit this year, i guess it would also avoid having to pay multiples to higher management unlike profit share.
good way to explain
only that the profit share is depending on a target of the financial department (this number is not shared, therefore you never know what the outcome will be.)
so if they where expecting 17bAED and net was 18 the difference is only 1 to share
typically the set target is higher than the numbers made in the previous year and they were set before the Gaza crises