IHOP’s Net Income Rises to $9 Million for Quarter

IHOP Corp. of Glendale reported net income of $9 million for the fourth quarter that ended Dec. 31, compared with $7.7 million for the similar quarter last year. Revenue rose to $72 million from $69 million.

For 1999, the company posted net income of $32 million, compared with $26 million for 1998. Revenue rose to $273 million from $256 million.

IHOP develops, franchises and operates the International House of Pancakes restaurant chain.