OCR Text |
Show Texas Gulf Net Income Raises 55 Per Cent NEW YORK, Feb. 16 Claude O, Stephens, presi-: presi-: dent of Texas Gulf Sulphur Company, today reported net income for 1966 of 528,095,817, an increase of 55 per cent over the net income in-come for 1965 of 18,160,941. These net earnings are e-quivalent e-quivalent to $2.80 per share on the 10,048,319 shares outstanding on Dec' 31, 1966, compared to $1.8l per share on the 10,034,119 shares outstanding at year-end year-end 1965. Sales for 1966 were $132, 718,172, an increase of 34 percent over sales of $98, 981,161 during the previous pre-vious year. Texas Gulf Sulphur Company Com-pany and consolidated subsidiaries, sub-sidiaries, year ended Dec. 31, 1966 Earnings per share $2.80, Gross sales 132.718, 172, net income before taxes tax-es 35.195.817, net income, 28,095,817. For 1965 Earnings Earn-ings per share $1.81, Grcs;; sales 98,981,161, net income before taxes $21,560,941, net' income, 1S,160,941. and for 1964, earnings per share 1.15, gross sales 70,369,732, net income Deiore raxes 756,189, net income 11,556, 189. |