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Crosley Motors Says Year's Loss A Million.

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  • LouRugani
    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
    Message 1 of 1 , Dec 27, 2009
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      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.
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