A $239-million improvement in consolidated net income...
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A $239-million improvement in consolidated net income resulted primarily from Chapter 11 related reductions in steel operating costs and interest expense, a spokesman for Dallas-based LTV Corp. said. Consolidated sales rose to $1.9 billion from $1.8 billion a year earlier, principally due to higher steel shipments and increased deliveries of military vehicles. All of LTV’s four operating units were profitable during the first quarter, he added.
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