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Byline: Dave Robinson
Oct. 31--Ecology & Environment's fourth-quarter profits jumped by 11 percent as a favorable federal tax audit offset the costs of closing its office in Venezuela.
The Lancaster-based environmental services firm said Tuesday its profits rose to $652,000, or 16 cents per share, during the quarter that ended in July, compared with $589,000, or 14 cents per share, a year earlier.
Most of the rise in profits came from a one-time benefit of $510,000, or 12 cents per share, that resulted from Internal Revenue Service audits of its tax returns from the three previous fiscal years.
That offset an after-tax loss of $146,000, or …