Its European operations have also earned similar honors.

Its Asian operations earned $866 million in 1996, on revenue of $3.3 billion.

That is more than double what Warner's Japanese operation earned in 1991.

But excluding the one-time accounting charge, the operations earned $511 million on rising sales.

The operation has assets of $160 million and in the first nine months of 1987 earned $2.2 million.

Overseas automotive operations earned $28 million in the quarter, compared with a loss of $208 million last year.

Many guesthouses and overnight operations earn a living this way.

This operation earned a small amount of about $12,000.

Overseas automotive operations earned $28 million, down from $61 million.

While the company's North American automotive operations earned $328 million, that profit came from far higher volumes.