Profits Up 198% for State Companies

The Journal Record | March 25, 1995| | Copyright

Fourth quarter 1994 profits for the Oklahoma Composite of publicly held corporations soared 198 percent from the previous year to $353 million.

Sales-revenues for the group of 46 firms rose 20 percent to $11.4 billion.

Profit margins, reflecting the sharply higher profits, rose almost three-fold to 3.1 percent vs. 1.1 percent in 1993. Almost three-fifths of the firms were more profitable than a year ago, but only slightly more than two-fifths improved upon their margin of profitability. While almost three-fourths posted higher sales-revenues, 20 percent operated in the red.

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