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ROTTLUND REPORTS HIGHER EARNINGS FOR THIRD QUARTER AND NINE MONTHS

 MINNEAPOLIS, Jan. 28 /PRNewswire/ -- The Rottlund Company, Inc. (NASDAQ-NMS: RHOM) today reported sharply higher earnings for the third quarter and nine months ended Dec. 31, 1992.
 Third-quarter net income was $483,000 or 9 cents per share, compared with $45,000 or 1 cent per share in the same period last year. Third- quarter revenues were $16,870,000 versus $10,032,000 a year earlier.
 For the nine months, Rottlund reported net income of $2,826,000 or 61 cents per share, compared with $954,000 or 22 cents per share a year earlier. Revenues for the nine months were $65,888,000, compared with $38,358,000 last year.
 Rottlund also disclosed today that it has begun expansion of its operations into the Naples, Fla., area with the purchase of property encompassing approximately 60 home sites. Construction is tentatively scheduled to begin in July.
 The Rottlund Company, based in Fridley, Minn., designs, builds and markets detached single family homes and attached townhomes and villas in the Minneapolis-St. Paul area, and is also scheduled to begin construction of an 88-home development in Des Moines, Iowa, next month.
 THE ROTTLUND COMPANY, INC.
 Three Months Ended
 Dec. 31,
 1992 1991
 Revenues $16,869,969 $10,032,159
 Net income 482,702 45,193
 Earnings per share 0.09 0.01
 Average shares outstanding 5,220,909 4,350,000
 Nine Months Ended
 Dec. 31,
 1992 1991
 Revenues $65,888,465 $38,358,333
 Net income 2,826,305 953,666
 Earnings per share 0.61 0.22
 Average shares outstanding 4,636,651 4,350,000
 -0- 1/28/93
 /CONTACT: Tom Langenfeld of Swenson Falker Eilertsen Inc., 612-371-0000 or Lawrence B. Sharpiro of Rottlund Company, 612-571-0304/
 (RHOM)


CO: The Rottland Company, Inc. ST: Minnesota IN: CST SU: ERN

KH -- MN006 -- 0230 01/28/93 11:53 EST
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Date:Jan 28, 1993
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