Word: hsa
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Dates: during 1990-1999
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...HSA is now 36 years old and at the pinnacle of its success. Between 1989 and 1992, the company's profits grew by more than 12 times--soaring from $41,327 in fiscal 1989 to $499,725 in 1992--according to tax returns...
Last year alone, HSA's Let's Go publishing division produced 20 editions of the world's bestselling budget travel guide, with a readership estimated at 3.5 million. Royalties on the book contract approached $800,000 in fiscal 1993, and are expected to reach at least $930,000 by 1997, according to HSA's tax returns...
...HSA recently vacated its longtime Harvard Yard headquarters, a dark and mazelike warren of passageways in the basement of Thayer Hall, for a brighter, airier home in Harvard Square. The move means higher rent--by 1995, HSA will be paying virtually double the $31,147 it paid for the Thayer Hall space in 1992--but also a greater degree of independence from the University...
Officials say the company is hoping to expand, possibly opening two new divisions within the next year. General Manager Richard M. Olken '68, who has been in office for almost one year, says HSA may take over the management of several House grills...
Last year, for example, HSA lost nearly $170,000, according to its tax returns. Company officials say the number does not include all the profits earned at Let's Go--which was spun off at the start of fiscal 1993 and stopped filing joint returns with HSA--and reflects a national and regional economic slowdown...