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BFC FINANCIAL CORPORATION REPORTS SECOND QUARTER 1992 RESULTS

 BFC FINANCIAL CORPORATION REPORTS SECOND QUARTER 1992 RESULTS
 CORAL GABLES, Fla., Aug. 14 /PRNewswire/ -- BFC Financial Corporation ("BFC") today reported a net loss of $1,461,000, or $0.96 per share, for the three months ended June 30, 1992, compared to a net loss of $3,294,000, or $2.02 per share, for the comparable period in 1991.
 For the six months ended June 30, 1992, BFC reported a net loss of $2,738,000, or $1.81 per share, vs. a net loss of $4,822,000, or $3.01 per share, for the same period in 1991. The 1991 amounts include an extraordinary gain of $350,000, or $0.20 per share, from the early retirement of capital notes of BFC's savings bank subsidiary.
 For the quarter ended June 30, 1992 depreciation, not including BFC's savings bank subsidiary, amounted to $599,000, and accrued interest on subordinated debentures previously issued by the company amounted to $1.28 million.
 -0- 8/14/92
 /CONTACT: Glen R. Gilbert of BFC Financial Corporation, 305-665-8100/ CO: BFC Financial Corporation ST: Florida IN: FIN SU: ERN


JB-AW -- FL012 -- 0192 08/14/92 16:59 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
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