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Eastman Kodak Reports Soles Gain in First Half of 1957
■¥■ Eastman Kodak Company sales and earnings for the first half of 1957 (24-week period ending June 16) were better than for any corresponding period, the company reports.
Consolidated sales of the company's I nited States establishments for the period amounted to S347,977,709. an increase of 7 per cent over the .$325,110,431 in the corresponding period of 1956. Net earnings after taxes amounted to 840,221.346. a 3.8 per cent increase over the S38.753.316 earned in the first half a year ago. The best previous first half for sales and earnings was in 1956.
Sales of photographic products in total were higher than in the first half of 1956. Though professional sheet film, x-ray film and color roll film sales advanced, professional motion picture film sales were lower. Sales of photographic items to the government increased but sales of special military products continued lower.
The combined business of Kodak's associated companies in other countries was larger than for any corresponding first half. Dividends received from these companies amounted to .S3.099.161. compared with S2. 332.478 received in the first half of 1956. »■
Morris Schwar+i; Sam Rose: Hy Schwarti
Rose Named Victor Chairman; Hy Schwartz Becomes President
■¥■ At the 21st annual meeting of Victor Animatograph Corporation and its distributors, Morris Schwartz, president of The Kalart Company, of which Victor is a division, announced that Sam Rose, who with Alexander Victor founded the Victor Animatograph Corporation in 1910. has been appointed Chairman of the Board of the pioneer 16mm projection manufacturing company.
It was also announced that H^■ Schwartz, vice president, had been appointed president of the Victor firm. In his talk to the companys distributors. Hy Schwartz reaffirmed Victor's exclusive distributor policy. He also announced Victors plans to expand its Class A Dealer organization serviced by these distributors, lii"
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