AMREP Reports First Quarter Fiscal 2023 Results
07 Settembre 2022 - 10:40PM
AMREP Corporation (NYSE:AXR) today reported net income of
$1,912,000, or $0.36 per diluted share, for its 2023 fiscal first
quarter ended July 31, 2022 compared to net income of $1,637,000,
or $0.22 per diluted share, for the same period of the prior year.
Revenues were $11,232,000 for the first quarter of 2023 and
$10,507,000 for the first quarter of 2022.
More information about the Company’s financial
performance may be found in AMREP Corporation’s financial
statements on Form 10-Q which have today been filed with the
Securities and Exchange Commission and will be available on AMREP’s
website (www.amrepcorp.com/sec-filings/).
AMREP Corporation, through its subsidiaries, is
a major holder of land, leading developer of real estate and
award-winning homebuilder in New
Mexico.
FINANCIAL HIGHLIGHTS
|
|
Three Months Ended July 31, |
|
|
|
2022 |
|
|
2021 |
Revenues |
|
$ |
11,232,000 |
|
$ |
10,507,000 |
Net income (loss) |
|
$ |
1,912,000 |
|
$ |
1,637,000 |
Income (loss) per share – basic |
|
$ |
0.36 |
|
$ |
0.22 |
Income (loss) per share – diluted |
|
$ |
0.36 |
|
$ |
0.22 |
Weighted average number of common shares outstanding – basic |
|
|
5,274,000 |
|
|
7,346,000 |
Weighted average number of common shares outstanding – diluted |
|
|
5,296,000 |
|
|
7,373,000 |
CONTACT: |
Adrienne M.
Uleau |
|
Vice President, Finance and Accounting |
|
(610) 487-0907 |
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