Word: profits
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Dates: during 1960-1969
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...decided to try his own hand at the business. He bought controlling interest in Perfect Photo Inc., later merged it with three other firms: United Whelan Corp., a drugstore chain; Hudson National Inc., a mail-order firm; and Equality Plastics Inc., a consumer-products-distribution company. The profit-making result was Perfect Film & Chemical Corp., a New York company engaged in film processing and mail-order sales of drugs and vitamins. Ackerman remains Perfect Film's president and board chairman; for the time being, to illustrate his dedication to his job, he will serve Curtis as a non-salaried...
...Only 5% of our business results directly from Viet Nam." Says President G. William Miller of Rhode Island-based Textron: "A 20% cut in our defense contracts could easily be made up with only a 10% increase in our civilian sales." One reason is that civilian sales yield higher profit margins...
...such affluent anonymity. Last year, American Home increased its sales by 8% and edged for the first time into the ranks of $1 billion-annual-sales corporations (with $55 million to spare). More important, earnings jumped by 11% to $104 million, winning American Home a 25½% ratio of profit to invested capital...
...place a year ago, Watt has renamed it New Bellehurst, refurbished many of its wrecked houses, redesigned others, sold 116 homes for $4,500,000. Having risked $21 million to buy the property out of receivership, Watt expects to wind up in a few years with a tidy profit and a stylish $48 million community of 2,000 homes, 400 apartments, a shopping center and industrial park...
...need to tie up capital in land inventories. But one after another, builders looked at the wreckage of Bellehurst and declined-even after Long Beach Federal S & L settled its fight with the bank board. Finally, Watt hired a computer, made 31 separate runs over the possibilities of profit and cash return, and decided to take the gamble. Since then, the company has also announced plans to take over the unbuilt portion of a grandiose Middlesex County, N.J., project that went into receivership five years...