Vector Group Q4 Profit Soars - Quick Facts

(RTTNews) - Vector Group Ltd. (VGR) posted fourth-quarter net income attributable to the company of $64.0 million, or $0.61 per share, compared to $16.5 million, or $0.14 per share, in the comparable quarter last year.

Pro-forma adjusted net income attributed to the company was $37.2 million or $0.36 per share, up from $13.0 million or $0.14 per share in the year-ago period.

Revenues for the latest fourth quarter increased to $295.16 million from $277.56 million in the previous year quarter. The increase in revenues in 2013 was primarily due to the acquisition of Douglas Elliman and the inclusion of $19.1 million of its revenues, along with $22.7 million of revenues related to the sale of lots at the Company's Escena development in Palm Springs, California.