Wickes Cos., which emerged from Chapter 11...
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Wickes Cos., which emerged from Chapter 11 bankruptcy reorganization in January, said its net income was up by 293% in the third quarter. A substantial part of the increase resulted from Wickes’ $1-billion acquisition earlier this year of the consumer products division of Gulf & Western Industries. That action roughly doubled Santa Monica-based Wickes’ annual revenue and income. Current-year results also include gains of $24.7 million in the third quarter and $27.9 million in tax, pension and other credits. A year earlier, the company had tax credits of $5.1 million.
For detailed data and results of other companies, please see accompanying tables.
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