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Advance Ross Corp. said its fourth-quarter profit more than doubled, to $1.52 million, or 38 cents a share, from $630,000, or 18 cents a share, a year earlier. The Chicago-based provider of tax-free shopping services in Europe said revenues grew to $14.2 million from $7.5 million.
For the year, Advance Ross saw its profit jump to $5.09 million, or $1.29 a share, from $669,000, or 18 cents a share, in 1992. Revenues grew to $50 million from $11 million.
