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Northern Ohio Telephone posts earnings drop amid higher rates
Northern Ohio Telephone Co. reports 1970 net income of 2,701,843 down more than 16 percent from 1969 as short term borrowing costs rose 61 percent. Revenue up 11.2 percent to 26,246,700 while expenses rose 12.5 percent. company adds 7,821 phones for a total of 193,619 across 70 exchanges in north central Ohio.
MENTIONED IN THIS ARTICLE
Bellevue
Northern Ohio Telephone Co
Robert M. Wopat
Marion
Northern
Ohio
General Telephone & Electronics Corp
New York
Ashland
Bowling Green
Delaware
Galion
Medina
Norwalk
Oberlin
Port Clinton
Wadsworth