October 12, 1949: Crosley Motors Says Year's Loss A Million., 10/12/2012, 12:00 am
Reminder from: Crosley Yahoo! Group Title: October 12, 1949: Crosley Motors Says Year's Loss A Million. Date: Friday October 12, 2012 Time: 12:00 am - 12:00 am Location: Cincinnati, Ohio., CROSLEY CAR OWNERS CLUB (CCOC) Notes: CINCINNATI, Oct. 12(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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