Tejon Ranch posts profit of $1.7 million in 4th quarter

LEBEC, Calif. – LEBEC, Calif. (AP) _ Tejon Ranch Co. (TRC) on Thursday reported fourth-quarter earnings of $1.7 million.

The Lebec, California-based company said it had profit of 8 cents per share.

The real estate development company posted revenue of $15.6 million in the period.

For the year, the company reported profit of $3 million, or 14 cents per share. Revenue was reported as $51.1 million.

Tejon shares have decreased 3.5 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.48, a decrease of 25 per cent in the last 12 months.


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Keywords: Tejon Ranch, Earnings Report