OCR Text |
Show REVENUE GREATER; NET EARNINGS LESS Despite a gross increase in revenue of S per cent during the month of June over the same month last year the Utah Light & Traction company reports a decrease in net earnings of 2S per cent. The monthly statement for June, l'J17, prepared pre-pared by General Manager H. F. Dicke, shows a gross increase in earnings of $9f.S3 and a decrease In net earnings of $13,274. The decrease is clue, according to the report, to advances in wages and J increases in the costs of materials. i The gross earnings for June, 1016, were ' J126.1M and for June. KU7, ?13.i.747. The opera ring expenses in June. 1916, were $:S,585, and for June, 1017, $101,442, . The net earnings for June. 1016, were $-17,570, and for June. 1517, $34,30o. |