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IVEY PROPERTIES ANNOUNCES RESULTS

 CHARLOTTE, N.C., Oct. 25 /PRNewswire/ -- The following are the revenues and net income of Ivey Properties, Inc. for the quarter and six months ended Sept. 30, 1993 and 1992 (unaudited):
 QUARTER ENDED NINE MONTHS ENDED
 Sept. 30, Sept. 30,
 1993 1992 1993 1992
 Revenues $ 775,714 $ 737,523 $2,148,145 $2,015,711
 Net Income $ 646,113 $ 577,888 $1,758,718 $1,636,791
 Per Common Share:
 Net Income $.27 $.24 $.73 $.68
 Dividends $.23 $.21 $.69 $.63
 Average Shares
 Outstanding 2,418,538 2,418,538 2,418,538 2,418,538
 -0- 10/25/93
 /CONTACT: Ervin Jackson Jr., vice president, secretary & treasurer, of Ivey Properties, 704-334-1123/


CO: Ivey Properties, Inc. ST: North Carolina IN: SU: ERN

MM -- CH014 -- 6436 10/25/93 15:00 EDT
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Publication:PR Newswire
Date:Oct 25, 1993
Words:131
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