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Show KENNECOTT COPPER HALVESITS PROFIT The report of the Kennecott Copper Corporation and its subsidiaries sub-sidiaries just released disclosed that earnings for the first ha 1 of this year were less than halt that shown in the initial su months of 1948. The consolidated net incom-after incom-after taxes and other charges, but before depletion, amounted to $23,293,358 for the six months ended on June 30. This is equivalent equiv-alent to $2.15 a share on the outstanding out-standing stock and contrasts with $48,267,406, or $4.46 a share, earned earn-ed in the corresponding period a year ago. Operating revenue for this year's period declined to ut,-237,085 ut,-237,085 from $173,376,030 i for the six months to June 30, 1948. The report says that there as no charge in the reserve for contingencies con-tingencies during the six months of 1949 and that the balance .n the reserve on June 30 aggregated aggre-gated $17,633,060. |