Examples of Adjusted Gross Profit in a sentence
Adjusted EBITDA and Adjusted Gross Profit will exclude the following items: - one-off Transaction costs; - costs of the legal restructuring directly related to the Transaction or the integration of the Braemar Assets with Aqualis; - the US$364,000’s worth of redundancy costs as set out in Schedule 15 of the Share Purchase Agreement, plus up to a further US$560,000’s worth of redundancy costs related to current Braemar employees corresponding to the remaining balance of the US$1,250,000 as of 1 April 2019.
Adjusted Gross Profit is gross profit, being revenue less cost of sales and direct costs, for the Adjusting and Marine businesses of the combined business of Aqualis and the Braemar Assets, but not including gross profit from the existing Aqualis Marine Activities as defined in Schedule 4.