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Article: GM REPORTS RECORD NET INCOME OF $6.9 BILLION FOR 1995 FOURTH QUARTER NET INCOME TOTALS A RECORD $1.9 BILLION
- Article from:
- PR Newswire
- Article date:
- January 30, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DETROIT, Jan. 30 /PRNewswire/ -- General Motors Corporation (NYSE: GM) today reported record 1995-fourth-quarter consolidated net income of $1.9 billion, or $1.98 per share of GM $1-2/3 par value common stock, compared with $1.6 billion, or $1.74 per share, in the fourth quarter of 1994. That represents an improvement of $294 million, or 18.7 percent, compared with the year-ago period.
Consolidated net income for the calendar year was a record $6.9 billion, or $7.21 per share, compared with $4.9 billion, or $5.15 per share, in 1994.
"The record fourth-quarter and calendar-year results demonstrate the solid progress we've made toward achieving our goal of ...