Business Digest.Byline: The Register-Guard CITY/REGION Profits climb at Lithia lith·i·a n. See lithium oxide. [New Latin, from lithion, from Greek, diminutive of lithos, stone.] Motors MEDFORD Medford. 1 City (1990 pop. 57,407), Middlesex co., E Mass., a residential and industrial suburb of Boston, on the Mystic River; settled 1630, inc. as a city 1892. Wax, paper, clothing, and furniture are among its products. - Lithia Motors Inc., helped by no-interest loans from automakers, reported a 9 percent increase in fourth-quarter profits, as revenue rose 29 percent compared to the same period a year ago. Lithia said it earned $6.1 million, or 45 cents a share, in the period ended Dec. 31, compared to $5.6 million, or 41 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , in the year-earlier period. Revenue rose to $519.7 million. For the year, Lithia's revenues increased 13 percent to $1.87 billion, but profits dropped 10 percent. In 2000, Lithia had $24.3 million in profits but they fell to $21.8 million in 2001. OREGON Oregon, city, United States Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products. Elmer's Restaurants' earnings increase PORTLAND - Elmer's Restaurants Inc., its performance boosted by the acquisition of a group of Puget Sound Puget Sound (py  `jĕt), arm of the Pacific Ocean, NW Wash., connected with the Pacific by Juan de Fuca Strait, entered through the Admiralty Inlet and extending in two arms c. eateries, on Thursday
reported that third-quarter profits grew 33 percent on a 36 percent rise
in revenue.
Elmer's said it earned $243,000, or 12 cents a share, in the period ended Jan. 7, compared to $182,000, or 10 cents a share, in the year-earlier period. Revenue rose to $26.4 million, up from $18.5 million in the third quarter of 2000. In December 2000, Elmer's acquired six Mitzel's American Kitchen restaurants in the Puget Sound area of Washington. Elmer's, which closed one of the Mitzel's after the purchase, paid for the restaurants with $975,000 in cash and 130,000 shares of Elmer's stock. Elmer's, which operates Ashley's and Jasper delis, said it will open an Elmer's in Nampa, Idaho Nampa (IPA: [næm pə]) is the largest city in Canyon County, Idaho, United States, and the second largest in the state. Only the capital city, Boise, is larger. , in April. It also announced a 5 percent stock split to shareholders of record on March 7. |
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