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Article: Western Union reports net loss for quarter ended June 30, 1986.
- Article from:
- PR Newswire
- Article date:
- July 28, 1986
CopyrightCOPYRIGHT 1986 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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UPPER SADDLE RIVER, N.J., July 28 /PRNewswire/ -- Western Union Corp. (NYSE: WU) reported today that its net loss for the quarter ended June 30, 1986, was $9.5 million, compared with a $9.7 million net loss recorded in the second quarter of 1985.
These results included $1.5 million and $5.2 million, respectively, of income from discontinued operations of the government systems division of the corporation's principal subsidiary, the Western Union Telegraph Co. The 1986 second-quarter results also included a gain of $6 million on disposal of the government systems division, which was sold in April.
After giving effect to undeclared dividends on the ...