Printer Friendly

KILLEARN PROPERTIES ANNOUNCES RESULTS

 KILLEARN PROPERTIES ANNOUNCES RESULTS
 TALLAHASSEE, Fla., Aug. 12 /PRNewswire/ -- Killearn Properties, Inc.


(AMEX: KPI) today announced its audited financial information for the fiscal year ended April 30.
 Revenues for the current year were $18,416,739 compared to $19,897,939 for the year ended April 30, 1991. The company reported net income of $93,256 ($.06 per share) compared to $645,504 ($.45 per share) for the prior year. Per-share amounts are based upon the average number of stock and stock equivalents (fully diluted) outstanding during each year, which was 1,438,733 for fiscal 1992 and fiscal 1991.
 The decrease of sales in fiscal 1992 resulted primarily from the action by the Department of Community Affairs, state of Florida, which stopped development in one of the company's Florida golf course communities. It is the company's position that development of these areas, which has been done with the approval of appropriate local government, does not materially deviate from the previous approvals granted to the company. In addition, commercial and industrial sales decreased 48.3 percent from fiscal 1991, as a result of the national economy.
 -0- 8/12/92
 /CONTACT: J.T. Williams Jr. of Killearn Properties, 404-389-2020/
 (KPI) CO: Killearn Properties, Inc. ST: Florida IN: SU: ERN


BN-BR -- AT003 -- 9330 08/12/92 10:35 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 12, 1992
Words:218
Previous Article:GYNEX BEGINS AIDS PATIENT TESTING OF POTENTIAL NEW DRUG THERAPY
Next Article:CHRYSLER LAUNCHES EQUIPMENT REBATE ON ACCLAIM, SPIRIT & LEBARON
Topics:


Related Articles
KILLEARN PROPERTIES REPORTS RESULTS
KILLEARN PROPERTIES REPORTS RESULTS
KILLEARN PROPERTIES REPORTS RESULTS
KILLEARN PROPERTIES REPORTS RESULTS
KILLEARN PROPERTIES, INC. ANNOUNCES FINANCIAL RESULTS
KILLEARN PROPERTIES REPORTS FIRST QUARTER RESULTS
KILLEARN PROPERTIES REPORTS SECOND QUARTER RESULTS
KILLEARN PROPERTIES, INC. ANNOUNCES THIRD QUARTER EARNINGS
KILLEARN PROPERTIES ANNOUNCES FISCAL YEAR EARNINGS
KILLEARN PROPERTIES REPORTS FIRST QUARTER RESULTS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters