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.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
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.
