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LA Times: Unocal Reported Loss of $
- Subject: LA Times: Unocal Reported Loss of $
- From: ktint@xxxxxxxxxxxxx
- Date: Fri, 24 Jan 1997 09:16:00
Subject: LA Times: Unocal Reported Loss of $497 Million
Los Angeles Times/ Business/ Jan 24, 97
Unocal Reported Loss of $497 Million
>From Times Wire Services
Unocal reported a fourth-quarter loss of $497 million, or $1.98 a share,
contrasted with net income of $49 million, or 16 cents, in the year-ago
quarter. It also reported a loss from discontinuing operations of $500
million, or $1.99 a share, relating to the pending sales of its 76
Products unit, contrasted with a gain of $16 million from discontinuing
operations, or 6 cents, a year ago.