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BF Enterprises Q2 Profit Drops 88%

SAN FRANCISCO-The real estate holding and development company reports that its six month income figures are also down more than 65%.

By Brian K. Miller | Updated on August 07, 2000

BF Enterprises Inc. on Monday reported second quarter net income of $100,000, or three cents a share, on revenue of $593,000. For the same 1999 period, net income was $889,000, or 23 cents share, on revenue of $1.64 million.

The San Francisco-based real estate holding and development company reported six-month net income for 2000 as $730,000, or 19 cents a share, on revenue of $1.91 million. In 1999, six-month net income was $2.12 million, or 54 cents a share, on revenue of $2.91 million.

Net income in the three months and six months ended June 30, 2000 included, respectively, a loss of $7,000 and a gain of $597,000 from sales of property within the Company’s Meadow Pointe project near Tampa, Florida.

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