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...And Trading Losses Are Hitting the Bottom Line
1997
(millions of dollars)
PRETAX INCOME
(Before results from
investments and trading)* $1,593.2
+ NONTRADING GAINS + 679.8
TOTAL 2,273.0
- TRADING LOSSES 917.7
PRETAX INCOME
(After trading and
nontrading results) $1,355.3
TRADING LOSSES REDUCED TOTAL INCOME BY 40.3%
*Excludes tobacco settlement
DATA: LOEWS, BUSINESS WEEK
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Updated May 28, 1998 by bwwebmaster
Copyright 1998, by The McGraw-Hill Companies Inc. All rights reserved.
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