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BRESLER & REINER, INC. REPORTS FIRST QUARTER EARNINGS

 BRESLER & REINER, INC. REPORTS FIRST QUARTER EARNINGS
 WASHINGTON, Aug. 14 /PRNewswire/ -- Bresler & Reiner (OTC)


reported net income of $7,000 for the three months ended June 30, 1992, on revenues of $8,307,000. For the comparable period in 1991, the company earned $271,000 or 9 cents per share on revenues of $7,096,000.
 For the six months ended June 30, 1992, the company reported net income of $416,000 or 15 cents per share on revenues of $16,199,000. In the 1991 first half it reported net income of $800,000 or 28 cents per share on revenues of $15,316,000.
 Charles S. Bresler, chairman of the board, said the 1992 second quarter results reflect continuing lower home sales as well as lower occupancy in the company's apartment properties and motel.
 Bresler & Reiner, Inc. engages in residential land development and construction directly and through joint ventures, operates a motel, apartment and office projects and a shopping mall/office complex in the Washington metropolitan area. The company also owns a nursing home and operates an equipment leasing business.
 BRESLER & REINER, INC.
 Financial Summary
 Six Months Ended June 30, 1992 1991
 Revenues $16,199,000 $15,316,000
 Costs of Sales & Expenses 15,127,000 14,073,000
 Income Before Taxes 1,072,000 1,243,000
 Provision for Taxes 225,000 434,000
 Minority Interest in Earnings
 (Losses) of Subsidiaries 431,000 9,000
 Net Income 416,000 800,000
 Earnings Per Common Share $0.15 $0.28
 Weighted Average of Shares
 Outstanding 2,836,653 2,839,653
 -0- 8/14/92
 /CONTACT: Philip Friedman, treasurer, Bresler & Reiner, 202-488-8800/ CO: Bresler & Reiner, Inc. ST: District of Columbia IN: SU: ERN


KD -- DC011 -- 9940 08/14/92 10:31 EDT
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Date:Aug 14, 1992
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