Show UTAH COPPER AND NEVADA CON REPORT LARGE PROFITS FOR 1928 statements emanating from new york headquarters of the companies about the middle of the month indicate that utah copper and nevada consolidated each enjoyed substantial increases in profits during the year 1928 As told in press dispatches the exhibit is as follows the utah company reported net profit of for the december quarter after charges but before federal taxes and depletion compared with in the preceding quarter and in the fourth quarter of 1927 profit for 1928 as compiled from quarterly reports was before federal taxes and depletion compared with in 1927 outstanding stock consists of shares of 10 par value in the fourth quarter of 1928 the company produced pounds of copper a monthly average of tons compared with pounds and a monthly average of tons in the third quarter total production for the year was pounds average cost per pound of net copper produced by the utah company including depreciation of plant and equipment and all fixed and general expenses and after crediting gold silver and miscellaneous earnings was 56 cents compared with 61 cents for the preceding quarter on the same basis the nevada consolidated copper company reported for the december quarter net income of bringing net income for the year to these figures compare pa re with and in the corresponding months of 1927 based on no par shares ing earnings for the twelve months equaled a share against in 1927 net cost of copper produced after crediting revenue from gold and silver and other miscellaneous earnings and income from subsidiaries was cents compared with for the third quarter of the year these costs include all operating and general cha charges ages of every kind except depreciation and reserve for federal taxes the copper corporation and subsidiaries report net income of after interest taxes depreciation and other charges but before depletion for the ten months ended october 31 equal to a share on no par shares operating revenue totaled |