Crosley Motors Says Year's Loss A Million.
- CINCINNATI, Oct. 12, 1949 (UP)
Crosley Motors, Inc., officials today reported a net loss of $1,030,309 for the year ending July 31 as compared to a net profit of $1,396,854 the previous year.
The loss is figured after depreciation and federal taxes, officials said. Current assets as of July 31 were $3,482,197 and liabilities $1,282,110. Sales for the year amounted to $14,640,827 compared to $25,391,626 for the previous year, officials added. Crosley Motors shareholders are scheduled to hold their annual meeting Nov. 9.