OTHER NEWS - Nov. 6, 1991
From Times Staff and Wire Reports
Pacific Enterprises’ Profit Skids: Pacific Enterprises, parent of Southern California Gas Co. and the slumping Thrifty Corp. drug and sporting goods chains, reported that its third-quarter earnings fell 54% to $26 million. The earnings, which amounted to 31 cents a share, came on revenue that declined 4% to $1.57 billion. James R. Ukropina, chairman and chief executive of Los Angeles-based Pacific, said SoCal Gas’ improved performance was wiped out by losses at its Thrifty Corp. unit, which includes the Thrifty Drug and Big 5 sporting goods chains. Ukropina said the chains have been hurt by the recession in Southern California.
