I would wager that was before taxes, and that there was a damn good tax advantage doing it that way.
graywolf http://www.graywolfphoto.com "Idiot Proof" <==> "Expert Proof" -----------------------------------
mike wilson wrote:
British Leyland (Rover) made the original mini from 1959 to about 1999. For the first thirty years thay made an average 10/- (50p - $1) loss on every one. But that's just us.....
AFAIK, it was a nett loss. Took them over 15 years to realise the situation.
m
