Past Year Is Prosperous for German Arms Firm Essen, Jan. 21.
The Friedrich Krupp Company, Germany's biggest armament works, have considerably increased their production and greatly enlarged their plants during the business year ending on September 30, 1937, the annual report just published reveals, The gross receipts of the company grew to Rin. 316,000,000 compared with Rin. 287,000,000 in the preceding year enabling an increase in the dividend from four to five per cent, The largest part of the profits was used for new investments.
Foreign business increased by 20 per cent, The number of employees reached 109,000 in. September.—
Trans-Ocean.
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