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ROYAL PALM BEACH COLONY REPORTS RESULTS

 ROYAL PALM BEACH COLONY REPORTS RESULTS
 HOLLYWOOD, Fla., May 19 /PRNewswire/ -- Royal Palm Beach Colony,


Limited Partnership (AMEX: RPB) announced today the results of its liquidating operations for its second quarter ended March 31, 1992.
 Revenues for the second quarter of the current fiscal year were $364,000 compared with $478,000 in the three month period ended March 31, 1991. In the current quarter, the Partnership reported a net loss of $9,000 compared with net income of $149,000 or 3 cents per unit for the three months ended March 31, 1991.
 Revenues for the six months ended March 31, 1992 were $625,000 compared with $915,000 for the six months ended March 31, 1991. For the six months ended March 31, 1992, the Partnership reported net income of $78,000 or 2 cents per unit compared with net income for the six months ended March 31, 1991 of $354,000 or 8 cents per unit.
 ROYAL PALM BEACH COLONY, LIMITED PARTNERSHIP
 FINANCIAL HIGHLIGHTS
 (000) Omitted
 Three Months Ended Six Months Ended
 3/31/92 3/31/91 3/31/92 3/31/91
 Revenues $ 364 $ 478 $ 625 $ 915
 Costs and expenses 373 329 547 561
 Net income (loss) $ (9) $ 149 $ 78 $ 354
 Earnings per
 Partnership Unit $ 0 $ .03 $ .02 $ .08
 Weighted average
 units outstanding 4,486 4,486 4,486 4,486
 -0- 5/19/92
 /CONTACT: Martin J. Katz of Royal Palm Beach Colony, 305-927-3080/
 (RPB) CO: Royal Palm Beach Colony ST: Florida IN: FIN SU: ERN


JB-JJ -- FL014 -- 1904 05/19/92 14:07 EDT
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Publication:PR Newswire
Date:May 19, 1992
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