American Israeli Paper Mills, Ltd., reported today higher sales and earnings for the six-month period ended September 30, 1967, despite temporary production cut-backs and other dislocations due to the mobilization and Six-Day war in June.
After a special charge of $137,549 on a non-recurring basis attributable to the war emergency, and after provision for deferred taxes, net income for the six months was $459,974 compared with $439,456 during the corresponding period of last year. Sales for April-September 1967 totaled $7,189,722 compared with $6,359,456 during the corresponding period in 1966. Net earnings per ADR (one American Depositary receipt is equal to eight ordinary shares) were $.1642 for the six-month period in 1967, compared with $.1568 for the corresponding period of last year.
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.
