Century Builders Improves Profit Picture

MIAMI-The South Florida developer of townhomes and single-family product has a nine-month profit of $1.26 million or three cents per share on revenue of $50.5 million. That's up from a loss of $2.42 million or a loss of six cents a share on sales of $39.54 million in the same 1999 period.

By Alex Finkelstein | Updated on November 16, 2000

MIAMI-Things are looking up for Century Builders Group. The South Florida developer of townhomes and single-family residences is showing a nine-month profit of $1.26 million or three cents per share on revenue of $50.5 million. A year ago at this time, the company was in red ink, showing a loss of $2.42 million or a loss of six cents a share on nine-month sales of $39.54 million.

The locally-based builder had third-quarter net income of $122,225 or less than one cent a share on revenue of $13 million. That compares with a net loss of $505,674 or one cent a share on sales of $13.5 million in third quarter 1999. The company’s stock is trading in the 69 cents-per-share range on the Over the Counter exchange.

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