Word: pretax
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Independent Profits Only 16 months after it was put on the auction block in the wake of a spectacular bankruptcy, Rolls-Royce Motors Holdings Ltd. is doing well indeed. After riding in the red for years, it has announced a pretax profit of $11 million on sales of $117 million...
...children in the Norman hamlet of St.-Quentin-des-Iles (pop. 230). Robert, 35, is a truck driver who works 50 to 55 hours a week for take-home wages that average $83. The family also gets government supplements that total $51 per week, giving the Maugards a pretax income of $134 per week.* "My husband's pay is much too low for driving a big truck 50 to 55 hours a week," complains Yvette, 30. "That's not the 40-hour week the Popular Front voted in 1936, now is it?" Adds Robert: "It's pretty...
...black." TWA, which unlike Pan Am has a far-flung network of domestic routes to supplement its international operations, has been off subsidy for 20 years and did not specify the exact amount of aid it seeks. Nonetheless, President Forwood C. ("Bud") Wiser Jr. estimated a 1974 pretax loss, without subsidy, of $47.2 million, compared with a 1973 profit of $19.5 million. Together, the two lines' applications could cost the U.S. Treasury about $300 million a year...
Even smaller rollers can buy shares in a real estate investment trust, which is essentially a mutual fund that invests in property loans or ownership. Under law, REITS can escape taxes by distributing 90% of their pretax earnings as dividends, so yields can be high. REITS have taken their lumps in the market recently, largely because interest yields on types of loans they do not make have surpassed the return they get on mortgage loans. But some brokers still see the better-managed REITS as solid investments for the future...
Many firms sell lots for 20 to 30 times what they originally paid to acquire them and spend fully one-third of their revenues on sales promotion; their pretax profits range upward from 30% of revenues on land sales...