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Newspaper
Hammond Sunday Star
Location
Hammond, Louisiana, United States of America
Date
Mar 05, 1978
Page
6
LP and L reports higher March electricity bills due to increased use and fuel costs. Director LeBlanc cites a fuel adjustment of 711 mills per kilowatt hour, the third highest in company history, plus colder weather driving greater electric heating.
United Companies Financial Corporation United Companies Life United Credit Plan and United Companies Mortgage posted 1977 results with net income 2,960,467 or 1.85 per share on 28,392,327 revenue. Fourth quarter income 652,766 or 0.41 per share on 8,265,772 revenue. Assets 132,912,894 and equity 27,234,576.
In a regular board meeting First Guaranty Bank announced promotions including Dorothy Schilling to assistant manager at Amite, Yvonne Pecoraro as personnel officer, Frances Bardwell as assistant trust officer, and Mickey Gorby as associate controller. Each brings longstanding service and multiple bank and community affiliations.
Kellwood Company records net earnings of 1,953,000 or 0.57 a share and sales of 106,942,000 for the fiscal third quarter ended January 31 1978. Nine month results reach a record 10,023,000 earnings and 395,482,000 in sales with per share 2.95. Chairman Fred W. Wenzel notes dramatic first nine months gains.
The Limited Stores Inc a Columbus fashion chain announces a quarterly dividend of 2 cents per share payable March 20 to shareholders of record March 10. The board also elects Robert H Anderson a former retail executive to the board, noting his New York residence and retail consultancy. The company operates 188 stores in 71 U.S. metropolitan markets.
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