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POPE RESOURCES REPORTS 1992 INCOME

 POULSBO, Wash., Feb. 1 /PRNewswire/ -- Pope Resources (NASDAQ: POPEZ; PSE) today reported net income of $5.058 million, or $4.30 per ownership unit, on revenues of $25.087 million for the 12 months ended Dec. 31, 1992. This compares to net income of $3.263 million, or $2.77 per ownership unit, for the same period in 1991 on revenues of $26.256 million.
 For the fourth quarter ended Dec. 31, 1992, a net loss of $155,000, or 13 cents per ownership unit, was recognized on revenues of $5.296 million. Revenues from the corresponding period for 1991 were $6.597 million, with net income of $350,000, or 30 cents per ownership unit.
 "A $1.7-million gain on an early 1992 timberland sale accounts for the improved results over 1991," said George Folquet, president and chief executive officer.
 Pope Resources, a master limited partnership, owns 76,000 acres of timberland and development property in the Puget Sound area of Washington state.
 -0- 2/1/93
 /CONTACT: Tom Ringo of Pope Resources, 206-697-6626/
 (POPEZ)


CO: Pope Resources ST: Washington IN: PAP SU: ERN

SW-LM -- SE003 -- 1185 02/01/93 09:04 EST
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Publication:PR Newswire
Date:Feb 1, 1993
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