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NEW MEXICO AND ARIZONA LAND CO. REPORTS RESULTS

 PHOENIX, July 28 /PRNewswire/ -- New Mexico and Arizona Land Co. (AMEX: NZ) announced the following financial results today:
 NEW MEXICO AND ARIZONA LAND CO.
 Financial Results
 Second Quarter Ended Six Months Ended
 June 30, June 30,
 1993 1992 1993 1992
 Gross revenues $3,084 $2,407 $5,282 $4,259
 Net income $398 $347 $669 $591
 Earnings (loss) per
 share $0.16 $0.14 $0.27 $0.24
 NOTE: 000's omitted. 1992 results exclude a credit $0.23 per share from adoption of FAS 109. Certain amounts have been reclassified for comparative purposes.
 New Mexico and Arizona Land Co. was organized in 1908 in the Arizona Territory and owns large tracts of land and minerals; residential subdivisions; apartment complexes; and office and industrial properties.
 -0- 7/28/93
 /CONTACT: Mike Kelley of New Mexico and Arizona Land, 602-266-5455/
 (NZ)


CO: New Mexico and Arizona Land Co. ST: Arizona, New Mexico IN: CST SU: ERN

MF-LL -- LA035 -- 7281 07/28/93 11:55 EDT
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Publication:PR Newswire
Date:Jul 28, 1993
Words:163
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