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BFC FINANCIAL CORPORATION REPORTS THIRD QUARTER 1993 RESULTS

 CORAL GABLES, Fla., Nov. 17 /PRNewswire/ -- BFC Financial Corporation today


reported net income of $793,000, or $0.36 per share, for the three months ended Sept. 30, 1993, vs. a net loss of $212,000, or $0.23 per share, for the comparable period in 1992.
 For the nine-month period ended Sept. 30, 1993, BFC Financial Corporation reported net income of $1,419,000, or $0.53 per share, compared to a net loss of $2,950,000, or $2.04 per share, for the same period in 1992. Results for the nine months ended Sept. 30, 1993 include the $501,000 cumulative effect of a change in accounting for income taxes resulting from the implementation of statement of Financial Accounting Standard No. 109, "Accounting for Income Taxes."
 -0- 11/17/93
 /CONTACT: Glen R. Gilbert of BFC Financial, 305-665-8100/


CO: BFC Financial Corporation ST: Florida IN: FIN SU: ERN

AW-SS -- FL026 -- 5713 11/17/93 17:06 EST
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Publication:PR Newswire
Date:Nov 17, 1993
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