OCR Text |
Show TGS Reports Income Gain NEW YORK, July 29 Claude O. Stephens, Chairman Chair-man and Charles F. Fogarty, President of Texas Gulf Sulphur Sul-phur Company, reported '.o-day '.o-day that net income for the first six months of 1968. was S36, 126.301, compared witn $26.9.17.482 for the first half of 1967. Per share earnings increased to $1.19 this year from 89 cenls (adjusted to reflect re-flect a 3-for-l stock split May .6, 1958) in the first six mos. of 1967. Gross sales for the first six months of 19G8 were $144,917, 316, compared with $107,683, 068 for the same period last year. Net income for the second quarter of 1968 was $18,913,250 or 62 cenls per share, compared com-pared with earnings of $10, 777,747 or 55 cents a shave (also adjusted for the stock splii), for the second quarter of 1967. Gross sales for tiie second quarter of 1968 were $79,645,871, as against . 04, C53.814 for the same period a year ago. The provision for the new 10 per cent federal surtax for the first six months amounted amount-ed to 4 cents per share and was jplied against second quarter earnings which otherwise other-wise would have been 66 cen;s , a share. : |