AERONAUTICS: Studebaker's Profits

The report of the Studebaker Co. for the quarter ending June 30, 1923, shows net sales of $49,370,091 as against $45,606,044 for the same period last year. After the payment of expenses and taxes, net profits of $7,200,202 were left, which compares with $7,086,552 in 1922, and after allowing for dividends on the preferred stock, amounts to 9.40% on the $75,000,000 common stock issue. In the last quarter, the com- pany manufactured 43,346 cars, but sold 43,680.

The balance sheet of the company, although containing among its assets the item of $19,807,276 as " trade...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!