Borror Corp. reports increase in closings.DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ohio--(BUSINESS WIRE)--Jan. 18, 1995--Borror Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BORR) today announced an increase of 6.7 percent in the number of units closed during the 12 months ended Dec. 31, 1994, compared to the same period in 1993. The company closed 1,138 single-family sin·gle-fam·i·ly adj. Relating to or being a dwelling designed for one family only: a single-family home; single-family occupancy. homes and condominiums during 1994 vs. 1,067 during 1993. Despite significantly higher interest rates throughout most of 1994, sales volume was $153.3 million, as compared with $139.8 million the year prior, an increase of 9.7 percent. Sales contracts Sales Contract Contract between a seller and buyer for the sale of goods, services, or both. for the 12 months ended Dec. 31, 1994, were 1,103 units, as compared with 1,257 units for the same period last year, representing a decline of 12.3 percent. The company reported a backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. of 521 units, valued at $70.0 million, at the end of the fourth quarter 1994, compared to a backlog of 556 units, valued at $77.2 million, at the end of the fourth quarter 1993, representing a decline in units of 6.3 percent. The company expects to announce its complete 1994 financial results in mid February. Borror Corp. offers distinct series of single-family homes and condominiums, under the names of ``Dominion dominion, power to rule, or that which is subject to rule. Before 1949 the term was used officially to describe the self-governing countries of the Commonwealth of Nations—e.g., Canada, Australia, or India. Homes'' and ``Tradition Homes,'' that are differentiated by size, price, standard features and available options. Through its 32 sales offices in Central Ohio, Borror Corp. offers a broad range of single-family homes and condominiums that provide value and enhanced affordability throughout the entire product line. The company's ``Best Building Experience'' philosophy focuses every aspect of operations on satisfying its customers. CONTACT: Borror Corp., Dublin Ronald G. Gratz or Robert A. Meyer Jr., 614/761-6196 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion