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ROYAL PALM BEACH COLONY REPORTS RESULTS

 ROYAL PALM BEACH COLONY REPORTS RESULTS
 HOLLYWOOD, Fla., Aug. 14 /PRNewswire/ -- Royal Palm Beach Colony,


Limited Partnership (AMEX: RPB) announced today the results of its liquidating operations for its third quarter ended June 30, 1992.
 Revenues for the third quarter of the current fiscal year were $366,000 compared with $500,000 in the three month period ended June 30, 1991. In the current quarter, the partnership reported net income of $97,000 or 2 cents per unit compared with net income of $146,000 or 3 cents per unit for the three months ended June 30, 1991.
 Revenues for the nine months ended June 30, 1992 were $991,000 compared with $1,415,000 for the nine months ended June 30, 1991. For the nine months ended June 30, 1992, the Partnership reported net income of $175,000 or 4 cents per unit compared with net income for the nine months ended June 30, 1991 of $500,000 or 11 cents per unit.
 ROYAL PALM BEACH COLONY, LIMITED PARTNERSHIP
 FINANCIAL HIGHLIGHTS
 (000s Omitted)
 Three Months Ended Six Months Ended
 6/30/92 6/30/91 6/30/92 6/30/91
 Revenues $ 366 $ 500 $ 991 $1,415
 Costs and Expenses 269 354 816 915
 Net income 97 146 175 500
 Earnings per
 Partnership Unit $ .02 $ .03 $ .04 $ .11
 Weighted average
 units outstanding 4,486 4,486 4,486 4,486
 -0- 8/14/92
 /CONTACT: Martin J. Katz, president and managing general partner of Royal Palm Beach Colony, Limited Partnership, 305-927-3080/
 (RPB) CO: Royal Palm Beach Colony, Limited Partnership ST: Florida IN: FIN SU: ERN


JB-AW -- FL008 -- 9983 08/14/92 11:54 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
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