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BFC FINANCIAL CORPORATION REPORTS 1991 YEAR-END RESULTS

 BFC FINANCIAL CORPORATION REPORTS 1991 YEAR-END RESULTS
 CORAL GABLES, Fla., March 27 /PRNewswire/ -- BFC Financial


Corporation today reported a net loss of $17,359,000, or $10.51 per share for the 12-month ended Dec. 31, 1991, compared to a net loss of $12,526,000, or $7.47 per share, for the comparable period in 1990. The 1991 results included an extraordinary gain of $350,000, or $0.20 per share. The 1990 results included an extraordinary gain of $40,000, or $0.02 per share.
 For the three-month period ended Dec. 31, 1991, BFC Financial Corporation reported a net loss of $7,022,000, or $4.20 per share, vs. a net loss of $5,971,000, or $3.57 per share, for the same period in 1990.
 The company attributed its 1991 net loss primarily to debt obligations including interest on debentures, and a 1991 ne4 eoss of $8.56 million at BFC Financial Corporation's banking subsidiary.
 -0- 3/27/92
 /CONTACT: David Finkelman of BFC Financial Corporation, 305-665-8100/
 (BFC) CO: BFC Financial Corporation ST: Florida IN: FIN SU: ERN


SS-XX -- FL009 -- 2544 03/27/92 17:09 EST
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Publication:PR Newswire
Date:Mar 27, 1992
Words:192
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