Printer Friendly

TEJON RANCH CO. REPORTS 1992 EARNINGS AND DIVIDENDS

 LEBEC, Calif., March 5 /PRNewswire/ -- Tejon Ranch Co. (AMEX: TRC) today reported 1992 net income of $1,499,000, or $0.12 per common share. This compares with net income of $1,484,000, or $0.12 per common share, for the same period in 1991. Total revenues for the year ended Dec. 31, 1992, were $16,563,000, compared to $15,220,000 for the same period in 1991.
 Net income for the fourth quarter of 1992 was $890,000, or $.07 per common share, compared to net income of $837,000, or $.07 per common share, for the same period in 1991. Total revenues for the fourth quarter of 1992 were $7,323,000, compared to $6,739,000 for the same period in 1991.
 Net income for 1992 increased slightly when compared to 1991. Higher earnings were due primarily to increased cattle sales and to increased pistachio and walnut production and receipt of prior-year crop premiums in 1992. Increased earnings were partially offset by reduced commercial and land use revenues. Commercial and land use revenues decreased when compared to 1991 due primarily to the receipt in 1991 of a one-time payment for a gas line right-of-way.
 The board of directors today declared a cash dividend to shareholders of 2 1/2 cents ($0.025) per share. The dividend will be payable to shareholders of record as of the close of business on May 21, 1993, with payment to be made on June 9, 1993.
 Tejon Ranch Co. owns approximately 270,000 acres of land approximately 60 miles north of Los Angeles. The company's operations include cattle, farming, the leasing of property for commercial uses and oil and mineral activity. The company is also involved in planning for future uses of its lands.
 TEJON RANCH CO.
 Period Ended Dec. 31, 1992
 (In 000s except earnings per share)
 Three months 12 months
 1992 1991 1992 1991
 Total revenue $7,323 $6,739 $16,563 $15,220
 Net income 890 837 1,499 1,484
 Net income per share .07 .07 .12 .12
 -0- 3/5/93
 /CONTACT: Jack Hunt of Tejon Ranch, 805-327-8481/
 (TRC)


CO: Tejon Ranch Co. ST: California IN: SU: ERN

JL-JB -- LA016 -- 3541 03/05/93 15:29 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 5, 1993
Words:373
Previous Article:TUBBY'S, INC. POSTS HIGHER REVENUES, NET LOSS
Next Article:ANGELES PARTICIPATING MORTGAGE TRUSTANNOUNCES FORMATION OF COMMITTEE OF INDEPENDENT TRUSTEES
Topics:


Related Articles
TEJON RANCH CO. REPORTS THIRD QUARTER EARNINGS
TEJON RANCH CO. REPORTS FIRST QUARTER EARNINGS
TEJON RANCH CO. DECLARES CASH DIVIDEND
TEJON RANCH CO. REPORTS 1993 EARNINGS
TEJON RANCH CO. REPORTS SECOND QUARTER EARNINGS
TEJON RANCH CO. DECLARES CASH DIVIDEND
TEJON RANCH CO. ANNOUNCES APPOINTMENT OF VICE PRESIDENT REAL ESTATE
TEJON RANCH CO. ANNOUNCES RESIGNATION
TEJON RANCH CO. DECLARES CASH DIVIDEND
TEJON RANCH CO. REPORTS FIRST QUARTER EARNINGS - 1995

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters