Amrep Corporation (AXR) Reports Q2 EPS of $0.08

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AMREP Reports Second Quarter Fiscal 2016 Results

December 11, 2015 4:20 PM EST

PRINCETON, N.J., Dec.11, 2015 /PRNewswire/ -- AMREP Corporation (the "Company") (NYSE: AXR) today reported a net loss of $676,000, or $0.08 per share, for its 2016 fiscal second quarter ended October 31, 2015 compared to net income of $254,000, or $0.03 per share, for the second quarter of fiscal year 2015 ended October 31, 2014. For the first six months of 2016, the Company had a net loss of $1,855,000, or $0.23 per share, compared to net income of $6,518,000, or $0.83 per share, for the same period of 2015. The Company's results for both periods in fiscal 2016 were entirely from continuing operations. The results for... More