PACKARD MOTOR CAR GAINS.

The New York Times
29 December 1925

Net Profit for the November Quarter Was $4,789,509.

The Packard Motor Car Company reports net profit of $4,789,509 for the quarter ended Nov. 30 after all expenses and reserves for taxes and depreciation. This was equal to #1.83 a share earned on the 2,614,722 shares of $10 par value capital stock outstanding. In the November quarter, 1924, the company earned 70 cents a share.

The balance sheet as of Nov. 30 showed cash and Government securities aggregating $12,959,782 and other marketable securities valued at $2,381,304. Notes and bills receivable amounted to $4,818,936 and inventory was valued at $8,345,568, making total current assets of $28,505,591. Current liabilities amounted to $4,970,379.