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Corange net income climbs

climbed nearly 47 percent to $316.4 million for the year to December 31, 1995.The company recorded net income of $215.6 million last year, which was 100 percent better than the $105-million profit in 1993.

climbed nearly 47 percent to $316.4 million for the year to December 31, 1995.

The company recorded net income of $215.6 million last year, which was 100 percent better than the $105-million profit in 1993.

Just released figures show 1995 net sales climbed 14 percent to more than $3.94 billion, as the privately-held firm derived $485 million in income from operations.

Corange declared capital expenditures of $300.7 million ($254.2 million in 1994) and spent $545.5 million ($459.3 million in 1994) in research and development, representing 14 percent of 1995 net sales.