Tejon Ranch Reports Loss for 1st Quarter
Tejon Ranch Co., a Lebec company with interests in real estate, cattle and farming, reported a loss in the first quarter ended March 31, which it blamed on fewer cattle sales and lower oil and cement royalties.
Tejon’s first-quarter loss of $63,000 contrasted with a year-earlier profit of $281,000. Revenue totaled $1.68 million, down 35% from $2.59 million in 1991’s first quarter.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
