NEW YORK (Feb. 17)
Net earnings for 1964 of $1, 184, 000, representing $1, 56 per share for 1964 on 758, 761 shares out standing at year-end, were reported today by PEC Israel Economic Corporation. The earning constitute an all-time high in the company’s 39-year history.
The company’s stock is held by more than 11, 000 stockholders throughout the United States. A five percent stock dividend was paid this week. A similar dividend had been paid in the two preceding years. With assets in excess of $22, 6 million, PEC holds investments in 40 subsidiaries and other companies in Israel industry, construction and development, transport, marketing, citriculture, finance, banking, insurance, publishing and printing.