OCR Text |
Show KENNECOTT EARNINGS ESTIMATED HIGHER It is estimated that net income in-come of Kennecott for the 12 months ended December 31 was $32,364,959 after all charges including depreciation, but before be-fore depletion. Such earnings would be equal to about $3 a share, compared to $2.10 a share in 1938. In 1937, net income amounted amount-ed to $49,820,394, or $4.60 a capital share, and in 1939 reported re-ported earning were $52,066,-365. $52,066,-365. or $5.55 a share on the capital shares outstanding at that time. |