The Palestine Economic Corporation reported today total income during 1958 of $1,156,463 and expenses of $679,401 for a net profit of $477,062.
The ret profit was carried to earned surplus which at the beginning of 1958 totalled $1, 672, 968. A cash dividend payable February 27 of this year totalled $437, 085. The earned surplus at the end of 1958 was $1,802,845. The data was released in the annual report which was mailed with a four percent dividend check to more than 9, 000 stockholders in the United States.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
