TEJON RANCH, Calif. (AP) — TEJON RANCH, Calif. (AP) — Tejon Ranch Co. (TRC) on Wednesday reported profit of $1.6 million in its fourth quarter.

On a per-share basis, the Tejon Ranch, California-based company said it had profit of 6 cents.

The real estate development company posted revenue of $16.2 million in the period.

For the year, the company reported profit of $3.3 million, or 12 cents per share. Revenue was reported as $44.7 million.

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