Word: netted
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...North American Aviation, Inc., holding company for the Keys aviation interests, showed $878,014 net for the half-year, up considerably from $770,391 earned in the last half...
William Wrigley, Jr., Co. reported the substantial six-months' net of $5,657,000, up $436,000 from 1929. Another big chewing gum purveyor, American Chicle Co. (Adams, Chiclets, Sen Sen Breath-lets), also showed increased earnings for first half: $1,081,000 net as against $1,039,000 last year...
Eating. Jubilantly, the William Alexander Barber interests, which last year wrested control of Childs Co. (lunch rooms) from the Childs family, announced last week a 100% rise in first-six-months earnings for 1930 over 1929. Though gross has declined slightly, net has more than doubled: from 68¢ a share in 1929 to $1.35 a share in 1930. Weeding out of unprofitable restaurants, economies in management, are responsible...
Profits. Two huge holding companies last week revealed proportionately huge profits. Transamerica Corp., holding company for the $1,167,116,000 worth of banks that Amadeo Peter Giannini managed to gather together before he retired this year, in its 1929 earnings statement, set down its net profit for the year at $67,316,000, or nearly $3 per share on the 24,000,000 shares outstanding (now selling at $26). However, the management holds "it would be lacking in ordinary business prudence" to ignore the current depression, plans to cut the October quarterly dividend from 40¢ to 25¢ a share...
United Founders Corp., the $327,389,000 holding company which controls American Founders Corp. and many another utility holding company, showed net profits of $5,442,000 in its report for the first six months of 1930, or 77¢ per share on the 8,650,671 shares outstanding (now selling at $20). It also, and for the first time, opened its portfolio to the public and listed its holdings: a 14-in. long column of bank, railroad, industrial, investment, utility shares, most of them well up into the thousands...