Tejon Ranch Co. Reports $139,000 3rd-Quarter Loss
Tejon Ranch Co., a Lebec-based real estate company with interests in cattle and farming, reported a loss of $139,000 for its third quarter that ended Sept. 30, while its revenue fell 27% to $1.84 million.
A year before, Tejon Ranch earned $245,000 on $2.52 million in revenue.
For the nine months, the company saw its profit drop 26%, to $449,000 from $609,000 a year earlier. Its revenue was $8.66 million, down 6% from $9.24 million in the 1992 period.
Tejon Ranch said its 1993 results have been hurt by reduced farming and livestock revenues, lower interest income and increased land planning expenses.
Times Mirror Co., which publishes the Los Angeles Times, owns 30% of Tejon Ranch.
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