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Article: Kerr-McGee's 1990 fourth-quarter net income up 34 percent.
- Article from:
- PR Newswire
- Article date:
- January 30, 1991
CopyrightCOPYRIGHT 1991 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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KERR-McGEE'S 1990 FOURTH-QUARTER NET INCOME UP 34 PERCENT
OKLAHOMA CITY, Okla., Jan. 30 /PRNewswire/ -- Kerr-McGee Corp.'s (NYSE: KMG) net income for the 1990 fourth quarter was $49.9 million or $1.01 per share, up 34 percent from $37.2 million or 75 cents per share in the same quarter of 1989. Excluding the discontinued operations and the sale of the soda products division, net income was $50.3 million, 26 percent higher than the $40 million earned in the 1989 fourth quarter.
For the year, net income was $150.2 million or $3.01 per share, down 4 percent from $156 million or $3.20 per share earned in 1989. Excluding the discontinued operations and the ...