AMREP Reports First Quarter Fiscal 2023 Results
HAVERTOWN, Pa., Sept. 07, 2022 (GLOBE NEWSWIRE) -- 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 |
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
