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THE KEITH GROUP REPORTS SECOND QUARTER EARNINGS

 THE KEITH GROUP REPORTS SECOND QUARTER EARNINGS
 FORT LAUDERDALE, Fla., April 10 /PRNewswire/ -- The Keith Group of


Companies, Inc. (NASDAQ: HKME) today reported earnings and revenues for the second quarter and six-month period ending Feb. 29.
 Hugh Keith, chairman of the board and president, announced earnings for the quarter of $364,129 ($.11 per share) on revenues of $1.69 million, compared with earnings of $489,438 ($.16 per share) on revenues of $1.83 million for the same period in fiscal 1991.
 For the six-month period, The Keith Group's earnings were $1,460,531 ($.47 per share), compared with earnings of $576,865 ($.19 per share) for the first six months of fiscal 1991. Six-month revenues were $4,449,220 compared with revenues of $3,495,273 for the first six months of fiscal 1991.
 Keith stated that the company's development operations have continued to appreciate and attract new home buyers despite the generally slower housing market in Florida. The Keith Group's performance will depend largely on the future rate of new home orders and number of active adult retirees relocating to Florida.
 Financial Summary
 3 mos. ended 6 mos. ended
 2/29/92 2/29/92
 Revenues $1,695,883 $4,449,220
 Income 364,129 1,460,531
 Earnings per share 0.11 0.47
 Stockholders' equity 4,959,749 3,499,218 (A)
 (A) as of 8/31/91
 Shares issued and outstanding 3,157,000 as of 4/9/92
 -0- 4/10/92
 /CONTACT: Hugh Keith of The Keith Group, 305-458-5282/
 (HKME) CO: The Keith Group of Companies, Inc. ST: Florida IN: SU: ERN


JB-BN -- FL002 -- 7077 04/10/92 09:03 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 10, 1992
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