RUBIDELL RECREATION ANNOUNCES FIRST QUARTER RESULTS
RUBIDELL RECREATION ANNOUNCES FIRST QUARTER RESULTS ELKHORN, Wis., March 5 /PRNewswire/ -- Rubidell Recreation, Inc.
announced the financial results for the first quarter of fiscal 1992, ending Dec. 31, 1991. Results for this period reflect a gain of $680,000 considering some one-time sales of capital assets, namely Harbour Village Resort in Door County, Wis.
Revenues for the period were $1,780,000, and earnings were $620,000 or $.18 per share, with revenues representing a 200 percent increase over last year. The company has also increased their operating profit by 17 percent, due to ever increasing efficiencies and technology. Per share calculations in the current quarter are based on 3,293,708 shares outstanding. Jack Pilger, chairman of the board and chief executive officer, commented, "Our marketing division, since its inception in 1989, continues to produce record revenue growth on a quarter to quarter basis, and our land management division is progressing nicely and should have a very positive effect on our fiscal 1992 earnings." Rubidell Recreation, Inc. is the parent of its wholly owned subsidiary, Recreational Property Consultants, Inc., whose main business is providing lead generation services to real estate developers as well as vacation ownership companies. It also offers consulting and management services to owners of recreational vehicle resorts. The stock trades locally over the counter in Minneapolis. R.J. Steichen & Co. makes a market in the stock. -0- 3/5/92 /CONTACT: Kris Cummings of Rubidell Recreation, 414-723-6660/ CO: Rubidell Recreation, Inc. ST: Wisconsin IN: LEI SU: ERN
AL -- MN099 -- 5573 03/05/92 15:30 EST
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|Date:||Mar 5, 1992|
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