Tejon Ranch Co. Profit Rises 6% in 4th Quarter

Tejon Ranch Co., a Lebec-based concern with interests in livestock, farming and property leasing, said its fourth-quarter profit rose 6% from a year earlier on a 9% increase in revenue.

The company’s net income in the three months ended Dec. 31 climbed to $890,000 from $837,000, and its revenue rose to $7.32 million from $6.74 million. Higher cattle sales and increased production of walnuts and pistachios contributed to the gains, Tejon said.

For all of 1992, Tejon’s profit inched up 1%, to $1.5 million from $1.48 million, and its annual revenue rose 9%, to $16.6 million from $15.2 million. Times Mirror Co., publisher of the Los Angeles Times, owns about 30% of Tejon Ranch.