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Ark's 4th-Q profit falls on higher costs

NEW YORK Ark Restaurants Corp., operator of 20 upscale restaurants and 30 quick-service locations, posted a 22-percent year-over-year drop in its fourth quarter profit as increased operating costs erased a 7-percent revenue gain.

For the quarter ended Sept. 27, Ark earned $2.0 million, or 56 cents per share, compared with earnings of $2.6 million, or 71 cents per share, in the year-earlier fourth quarter.

The company’s total expenses rose 10 percent in the

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