Printer Friendly

UNITED MOBILE HOMES ANNOUNCES RECORD HIGH YEAR-END EARNINGS

 UNITED MOBILE HOMES ANNOUNCES RECORD HIGH YEAR-END EARNINGS
 EATONTOWN, N.J., Feb. 7 /PRNewswire/ -- United Mobile Homes, Inc. (NASDAQ: UMHI) today reported net income of $638,672, or $.14 a share, for the year ended Dec. 31, 1991, as compared to a net loss of $104,757, or a loss of $.02 a share, for the year ended Nov. 30, 1990.
 A summary of significant financial information for the years ended Dec. 31, 1991, and Nov. 30, 1990, and for the quarters ended Dec. 31, 1991, and Nov. 30, 1990, is as follows:
 UNITED MOBILE HOMES, INC.
 Periods ended Years Quarters
 Dec. 31 1991 1990 1991 1990
 Total revenues $9,796,493 $9,197,547 $2,493,143 $2,367,262
 Net income (loss) 638,672 (104,757) 99,954 (108,140)
 Weighted average shares
 outstanding 4,526,734 4,269,737 4,644,401 4,341,125
 Net income (loss)
 per share $.14 $(.02) $.02 $(.02)
 United Mobile Homes, Inc. changed its fiscal year from Nov. 30 to Dec. 31.
 The board of directors of United Mobile Homes, Inc. recently declared a $.05 per share dividend payable March 16, 1992, to shareholders of record Feb. 17, 1992. The company's annual dividend rate is $.20 a share.
 United Mobile Homes, Inc. intends to elect REIT status in 1992. Eugene W. Landy, president, stated that improved earnings and the election of REIT status would result in increased dividends.
 United Mobile Homes, Inc. was incorporated in 1968. Its executive offices are located at 125 Wyckoff Rd., Eatontown, N.J.
 -0- 2/7/92
 /CONTACT: Rosemarie Faccone of United Mobile Homes, 908-389-3890/
 (UMHI) CO: United Mobile Homes, Inc. ST: New Jersey IN: SU: ERN


JT-CK -- NY043 -- 7785 02/07/92 12:52 EST
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:Feb 7, 1992
Words:290
Previous Article:FEDERAL COURT DISMISSES LAWSUIT
Next Article:NEW FITCH REPORT SPOTLIGHTS BOND INSURERS' OWNERS -- FITCH FINANCIAL WIRE --
Topics:


Related Articles
UNITED MOBILE HOMES REPORTS FIRST QUARTER EARNINGS AND DECLARES QUARTERLY DIVIDEND
UNITED MOBILE HOMES ANNOUNCES INCREASED EARNINGS AND PROPOSED DIVIDEND INCREASE
UNITED MOBILE HOMES REPORTS SIX-MONTH EARNINGS AND DECLARES QUARTERLY DIVIDEND
UNITED MOBILE HOMES, INC. REPORTS NINE-MONTH EARNINGS
UNITED MOBILE HOMES, INC. DECLARES QUARTERLY DIVIDEND
UNITED MOBILE HOMES, INC. ANNOUNCES NEW CREDIT FACILITY
UNITED MOBILE HOMES, INC. REPORTS YEAR-END EARNINGS
UNITED MOBILE HOMES, INC. ANNOUNCES MAJOR REFINANCING
UNITED MOBILE HOMES, INC. ANNOUNCES 25 PERCENT INCREASE IN DIVIDEND
Motorola Announces Record First-Quarter Sales and Earnings; First-Quarter 2005 Financial Highlights.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters