Tejon Ranch Co. Reports 2002 Operating Results.

Business Editors

TEJON RANCH, Calif.--(BUSINESS WIRE)--Feb. 26, 2003

Tejon Ranch Co. (NYSE:TRC), today announced net income of $243,000, or $.02 per common share on a diluted basis, for the year ended December 31, 2002. This compares to net income of $294,000, or $.02 per common share on diluted basis, in 2001. For the fourth quarter of 2002, there was net income of $223,000, or $.02 per common share on a diluted basis, compared to a net loss of $114,000, or $.00 per common share on a diluted...

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