Newhall Land & Farming Reports Drop in Income
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Newhall Land & Farming Co., Valencia, announced net income for the third quarter ended Sept. 30 of $11.9 million compared with $16.3 million for the same period last year.
The company develops new towns and master-planned communities; Valencia was its first such venture. Newhall Land owns 36,000 acres 30 miles north of Los Angeles.
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