Baton Rouge-based Lamar Advertising’s profits skyrocket in fourth quarter (theadvocate)

Lamar Advertising Co., a Baton Rouge-based outdoor advertising giant, reported its fourth-quarter profit rocketed to $207.9 million, or $2.18 per share, roughly 20 times the $10.1 million, or 11 cents per share, reported a year ago. The results were boosted by a $120.1 million, one-time gain related to the company's conversion to a Real Estate Investment Trust. […]