I think he talked about Pretax Profit. I can see why he confused with the word Revenue. It depends on WHERE stand point.
I owned export business before and I sometimes referred the profit as Revenue because that is what I gain. I sometimes referred Revenue as Sales. It confused a number of people and I have to explained to them what I meant.
I think Revenue should be referred as SALE or SALE INCOME. Pretax Profit should be referred as PRETAX REVENUE. The NET PROFIT should be referred as PROFIT or LOSE. That's my opinion.
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