21. Bear Stearns'earnings reflect rising, and often record, profits earned on Wall Street this year. 22. It also boosts companies'profits earned overseas when converted to yen. 23. A stronger yen eats into the value of profits earned overseas by Japanese exporters. 24. A higher dollar benefits Japan's exporters, increasing the yen value of profits earned overseas. 25. The rising guilder means profit earned abroad translates to lower profit in guilder accounts. 26. The new system would apply to profits earned in future years only, not retroactively. 27. A higher dollar increases the yen value of profits earned overseas by Japanese exporters. 28. Stronger sterling cuts income from exports and profit earned abroad. 29. When the dollar gains they get more yen for value of profits earned abroad. 30. Net margin is the percentage of after-tax profit earned on each $ 1 sale.
