AMREP(US:AXR) Newsfilterยท2024-12-13 21:40Core Viewpoint - AMREP Corporation reported significant growth in net income and revenues for the second quarter and first six months of fiscal year 2025 compared to the same periods in the previous year [1][4]. Financial Performance - For the second quarter of fiscal 2025, AMREP's net income was $4,042,000, or $0.75 per diluted share, compared to $1,108,000, or $0.21 per diluted share in the same quarter of 2024 [1][4]. - For the first six months of fiscal 2025, net income reached $8,106,000, or $1.51 per diluted share, up from $2,454,000, or $0.46 per diluted share in the prior year [1][5]. - Revenues for the second quarter of 2025 were $11,906,000, compared to $8,854,000 in the same quarter of 2024 [1][4]. - For the first six months of 2025, revenues totaled $30,997,000, compared to $19,143,000 in the first half of 2024 [1][5]. Shareholder Information - The weighted average number of common shares outstanding for the second quarter was 5,374,000 (diluted) and 5,320,000 (basic) [4]. - For the first six months, the weighted average number of common shares outstanding was 5,367,000 (diluted) and 5,314,000 (basic) [5]. Company Overview - AMREP Corporation is a major holder of land and a leading developer of real estate, as well as an award-winning homebuilder in New Mexico [3].