(MENAFN- GlobeNewsWire - Nasdaq) HAVERTOWN, Pa., Sept. 13, 2023 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reportedincome of $1,346,000, or $0.25 per diluted share, for its 2024 fiscal first quarter ended July 31, 2023 compared toincome of $1,912,000, or $0.36 per diluted share, for the same period of the prior year. Revenues were $10,289,000 for the first quarter of 2024 and $10,707,000 for the first quarter of 2023.
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 ( AMREP Corporation, through its subsidiaries, is a major holder of land, leading developer of real estate and award-winning homebuilder in New Mexico.
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FINANCIAL HIGHLIGHTS
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| | Three Months Ended July 31, |
| | | 2023 | | | | 2022 | |
| Revenues | $ | 10,289,000 | | | $ | 10,707,000 | |
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| income (loss) | $ | 1,346,000 | | | $ | 1,912,000 | |
| Income (loss) per share – basic | $ | 0.25 | | | $ | 0.36 | |
| Income (loss) per share – diluted | $ | 0.25 | | | $ | 0.36 | |
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| Weighted average number of common shares outstanding – basic | | 5,292,000 | | | | 5,274,000 | |
| Weighted average number of common shares outstanding – diluted | | 5,325,000 | | | | 5,296,000 | |
| FOR: | AMREP Corporation |
| | 850 West Chester Pike, Suite 205 |
| | Havertown, PA 19083 |
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| CONTACT: | Adrienne M. Uleau |
| | Vice President, Finance and Accounting |
| | (610) 487-0907 |
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