New York, June 9.
The statement of consolidated income account of International Telephone and Telegraph Corporation and subsidiaries for the three months fended March 31, 1938 is submitted herewith. consolidated net income as sit forth $2,200,890 as compared with $1,658,438 for the three months ended March 31, ere Gross operating revenues of the telephone and radiotelephone sub-diaries which are consolidated, amounted to $8,517,602 as compared with $7,638,003 for the similar period of 1997, There was an aggregate of 712,093 telephones in service (exclude ing Spain) at March 31, 1938, an in-year, crease of 16,596 since the first of the
Gross operating revenues from cable and radiotelegraph operations amounted to $1,229,311 as compared with $1,280,902 for the same period of the previous yea 5 Gross profit on sales of manufacturing and sales subsidiaries amounted to $5,504,000 as compared with $4,117,360 for the corresponding three months of 1937. Sales amounted to $21,013,000 as compared with Sie Ree ation rier. of 8 FEE Yee 3 ints % 4 it Stand. Brands foa Bee tone tumbler of shares of capltatTeahnt remained the same as at December 31, lock outstanding at March 31, 1998 Texas, Gulf 1937, namely, 6,399,002 shares.
Text read from the printed page and cleaned; old type leaves the occasional error.