AMREP reports third quarter and nine months results.NEW YORK--(BUSINESS WIRE)--March 15, 1995--AMREP Corp. (NYSE NYSE See: New York Stock Exchange :AXR AXR Absolute Executive Recruitment (Sydney, NSW, Australia) AXR Abdominal X-Ray ), builder of new communities and international distributor of magazines, today announced results for the third quarter and nine months ended Jan. 31, 1995. Revenues for the third quarter totaled $37,960,000 compared with $31,382,000 reported for the third quarter last year. Net profit for the quarter was $1,175,000, or 16 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. compared with a net profit of $664,000, or 9 cents per share for the same period last year. Revenues for the nine months totaled $109,626,000 compared with $91,486,000 for the same period last year. Net profit for the quarter was $2,900,000, or 40 cents per share compared with a net profit of $1,462,000, or 21 cents per share for the nine months ended Jan. 31, 1994. In making the announcement, Anthony B Anthony B is the stage name of Keith Blair (born March 31, 1976), a Jamaican musician. Biography Early life Blair grew up in rural Clarks Town in the northwestern parish of Trelawny. . Gliedman, chairman, president and chief executive officer, said, "Demand for our affordable single-family homes continues strong at Rio Rancho where Intel Corporation (company) Intel Corporation - A US microelectronics manufacturer. They produced the Intel 4004, Intel 8080, Intel 8086, Intel 80186, Intel 80286, Intel 80386, Intel 486 and Pentium microprocessor families as well as many other integrated circuits and personal computer networking is spending $2 billion to more than double the size of its manufacturing facility. Also, we believe our efforts to trim home production and delivery time in Rio are starting to bear fruit. "Home sales are brisk at our newest developments in the Denver market. During the third quarter, nearly five times the number of homes were closed there as compared to the prior year's third quarter which was in the start-up phase." He added, "Revenues and profits continued their upward trend at Kable News, the company's magazine distribution and fulfillment services business. The recent acquisition of Fulfillment Corporation of America is presently being integrated into Kable's operations and should demonstrate contributions during the fourth quarter and beyond." -0-
Amrep Corp. and subsidiaries
(Unaudited)
Three months ended Jan. 31,
1995 1994
Revenues $37,960,000 $31,382,000 Net income $ 1,175,000 $ 664,000 Net income per share $ 0.16 $ 0.09 Weighted average number of common shares outstanding 7,367,552 7,276,052
Nine months ended Jan. 31,
1995 1994
Revenues $109,626,000 $ 91,486,000 Net income $ 2,900,000 $ 1,462,000 Net income per share $ 0.40 $ 0.21 Weighted average number of common shares outstanding 7,329,818 7,024,223 CONTACT: AMREP AMREP American Realty and Petroleum Corporation AMREP Aircraft/Missile Maintenance Compression Report AMREP Aircraft Missile Reporting System Corp., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Anthony B. Gliedman, 212/705-4700 or KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , New York Leslie A. Schupak/Herbert L. Corbin, 212/682-6300 ext. 207/200 |
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