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.
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