PRINCETON, N.J., Sept. 14, 2016 /PRNewswire/ -- AMREP
Corporation (NYSE: AXR) today reported net income of $630,000, or $0.08
per share, for its 2017 first fiscal quarter ended July 31, 2016 compared to a net loss of
$1,179,000, or $0.15 per share, for the same period the prior
year. Revenues were $12,208,000 for
the first quarter of 2017 compared to $9,575,000 in 2016.
AMREP Corporation, through its subsidiaries, is primarily
engaged in two business segments: its Fulfillment Services
business operated by Palm Coast Data LLC performs fulfillment and
contact center services for publications, membership organizations,
government agencies and other direct marketers, and its Real Estate
business operated by AMREP Southwest Inc. and its subsidiaries is a
major holder of real estate in the Rio
Rancho, New Mexico area.
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FINANCIAL
HIGHLIGHTS
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Three Months Ended
July 31,
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2016
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2015
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Revenues
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$
12,208,000
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$
9,575,000
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Net income
(loss)
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$
630,000
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$
(1,179,000)
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Earnings (loss) per
share – Basic and
Diluted
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$
0.08
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$
(0.15)
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Weighted average
number of common shares outstanding
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8,042,000
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8,029,000
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To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/amrep-reports-first-quarter-fiscal-2017-results-300328043.html
SOURCE AMREP Corporation