previous year
[ˈprɛvɪəs jɪr]
noun phrasepl: previous years
ano anterior
1. The year that came immediately before the current or reference year
The company's sales increased compared to the previous year.
As vendas da empresa aumentaram em comparação com o ano anterior.
2. In accounting and finance, the fiscal or financial year immediately preceding the current reporting period
We need to compare this quarter's results with the previous year's performance.
Precisamos comparar os resultados deste trimestre com o desempenho do ano anterior.
This term is heavily used in Brazilian and Portuguese business contexts, particularly in financial reporting, accounting statements, and corporate presentations. It's essential terminology in professional environments for discussing growth metrics and performance analysis.
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