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AVATAR HOLDINGS REPORTS RESULTS

 AVATAR HOLDINGS REPORTS RESULTS
 CORAL GABLES, Fla., Aug. 14 /PRNewswire/ -- For the six months ended


June 30, 1992, Avatar Holdings Inc. (NASDAQ: AVTR) reported a loss before income taxes and a net loss of $838,000 ($.11 per share) on revenues of $52,140,000. For the comparable 1991 period, Avatar reported a loss before income taxes of $4,524,000 and a net loss of $2,805,000 ($.38 per share) on revenues of $52,053,000.
 Selected financial data for the six months ended June 30, 1992 and 1991 is summarized below.
 AVATAR HOLDINGS, INC.
 (Dollars in thousands except per share data)
 1992 1991
 Revenues (A) $ 52,140 $ 52,053
 (Loss) before income taxes $ (838) $ (4,524)
 Net (loss) (838) (2,805)
 Per share amounts:
 Primary
 Net (loss) $ (.11) $ (.38)
 Fully diluted
 Net (loss) $ (.11) $ (.38)
 Total assets $ 566,402 $ 568,709
 Stockholders' equity $ 150,542 $ 157,074
 (A) -- Homesite sales are recorded under the installment method of profit recognition.
 -0- 8/14/92
 /CONTACT: Peter Kleinerman, executive vice president and treasurer of Avatar Holdings, Inc., 305-442-7000, ext. 637/
 (AVTR) CO: Avatar Holdings, Inc. ST: Florida IN: SU: ERN


JB-SS -- FL011 -- 0122 08/14/92 15:35 EDT
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Date:Aug 14, 1992
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