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UNITED MOBILE HOMES, INC. REPORTS SIX-MONTH EARNINGS

    EATONTOWN, NJ, Aug. 5 /PRNewswire/ -- United Mobile Homes, Inc. (NASDAQ: UMHI), reported net income of $658,000, or $.13 per share, for the six months ended June 30, 1993 as compared to net income of $535,000, or $.11 per share, for the six months ended June 30, 1992.
    A summary of significant financial information for the three months and six months ended June 30, 1993 and 1992 is as follows:
      For the three months ended   6/30/93              6/30/92
    Total revenues               $2,846,000           $2,703,000
    Net income                      344,000              251,000
    Net income per share                .07                  .05
      For the six months ended     6/30/93              6/30/92
    Total revenues               $5,681,000           $5,340,000
    Net income                      658,000              535,000
    Net income per share                .13                  .11
    The company recently declared a regular quarterly dividend of $.075 per share, payable Sept. 15, 1993 to shareholders of record Aug. 16, 1993.  The company's annual dividend rate is $.30 per share.
    United Mobile Homes, Inc. owns and operates twenty mobile home parks located in New York, New Jersey, Pennsylvania, Ohio and Tennessee.
    -0-             08/05/93
    CONTACT:  Louise Green of United Mobile Homes, Inc., 908-389-3890
    (UMHI) CO:  UNITED MOBILE HOMES, INC. SU:  ERN ST:  NJ


-- NY064 -- X249 08/05/93
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Publication:PR Newswire
Date:Aug 5, 1993
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