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NVR L.P. ANNOUNCES RESULTS FOR THE QUARTER ENDED JUNE 30, 1992

 NVR L.P. ANNOUNCES RESULTS FOR THE QUARTER ENDED JUNE 30, 1992
 MCLEAN, Va., Aug. 6 /PRNewswire/ -- NVR L.P. (AMEX: NVR) announced today that it earned $6.0 million, or 19 cents per unit, in its second quarter ended June 30, 1992, compared to a net loss of $11.6 million, or 40 cents per unit, in the second quarter of 1991, but the company emphasized that its net results are not wholly comparable to the same quarter last year. The company has not accrued any interest on its approximately $200 million of subordinated debt since April 6, 1992, when the company filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code, compared to its accrual of approximately $6.8 million of interest on the subordinated debt in the second quarter of 1991. Results from the second quarter of 1992 also include a gain of $1.9 million that resulted from a non-recurring item in the company's financial services unit.
 NVR L.P.
 Consolidated Statement of Operations
 (in thousands, except unit amounts)
 Three Months Ended Six Months Ended
 June 30, June 30,
 1992 1991 1992 1991
 Total Revenues $217,599 $197,473 $400,990 $362,741
 Net Income (Loss) $ 6,034 $(11,568) $ (3,387) $(22,520)
 Income (Loss) per Unit $ 0.19 $ (0.40) $ (0.13) $ (0.79)
 Weighted Average Units
 Outstanding (000s) 30,396 30,027 30,390 29,619
 -0- 8/6/92
 /CONTACT: Doug Poretz of NVR L.P., 703-506-1778 or, after hours, 703-448-1312/
 (NVR) CO: NVR L.P. ST: Virginia IN: SU: ERN


MH -- DC003 -- 7444 08/06/92 09:10 EDT
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Publication:PR Newswire
Date:Aug 6, 1992
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