Tejon Ranch Reports Loss for 1st Quarter
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Tejon Ranch Co., a Lebec company with interests in real estate, cattle and farming, reported a loss in the first quarter ended March 31, which it blamed on fewer cattle sales and lower oil and cement royalties.
Tejon’s first-quarter loss of $63,000 contrasted with a year-earlier profit of $281,000. Revenue totaled $1.68 million, down 35% from $2.59 million in 1991’s first quarter.
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