Amrep reports third quarter fiscal 2023 results

Havertown, pa., march 13, 2023 (globe newswire) -- amrep corporation (nyse:axr) today reported net income of $16,574,000, or $3.12 per diluted share, for its 2023 fiscal third quarter ended january 31, 2023 compared to net income of $910,000, or $0.12 per diluted share, for the same period of the prior year. for the first nine months of 2023, amrep had net income of $22,107,000, or $4.17 per diluted share, compared to net income of $5,873,000, or $0.80 per diluted share, for the same period of 2022. revenues were $9,117,000 and $35,975,000 for the third quarter and first nine months of 2023 and $9,391,000 and $35,404,000 for the third quarter and first nine months of 2022.
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