Word: profitable
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Dates: during 1960-1960
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...defense-oriented companies that dot Boston's route 128 (TIME, July 13, 1959), Digitronics' business is virtually all in the civilian field, where its sales volume has grown from $750,000 the first year to an estimated $2,000,000. From a first-year loss of $60.000, profits rebounded to an estimated $115,000. Digitronics Chair- man Eric H. Haight has found that his company can compete with the giants in the field by designing machines, at a good profit, in areas the big companies pass...
...year in the black. The rattling New Haven lost $1.8 million in September, running its nine-month losses to $11.4 million. The New York Central lost $2.7 million in September, putting it $2.5 million in the red for the first nine months of this year compared to a profit of $3.4 million last year...
Autos. For the first time since 1957 Chrysler Corp. managed to make a third-quarter profit due to the sales of the compact Valiant and the Dodge Dart. While only $1.4 million, it compared with a loss of $34.2 million last year. Nine-month earnings were also ahead, $2.84 per share this year v. $2.73 last year. On the other hand, earnings of General Motors, hit by high tooling costs for its new compact cars, dropped 34% in the third quarter from 47^ per share to 30^ on a 5% sales increase. Nine-months earnings also ran behind a year...
...sell for $1,095 to $3,495 depending on size and style, and he keeps costs down by paying his builders a fixed fee per house, supplying everything except lumber for the construction from his own Dixie Building Supplies Inc. Last year Walter cleared an average of $1,000 profit on every house he built, on an average sales price of only $2,500. Even so, the home buyer saves 20% to 25% on his shell, claims Walter, compared to the cost if the buyer contracted on his own to have it built...
...through the company pay as much as 12% interest on four-or six-year terms, Walter last year grossed more than $5,000,000 in interest payments, some $1,600,000 more than the firm paid out for its own interest and bank charges. Beyond this, there is the profit of the subsidiary company that insures the shell homes against fire and theft. Adding it all up, Jim Walter has made an estimated $9,000,000 in shell housing...