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.
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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.
