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Rottlund 2Q Net Soars 160%

MINNEAPOLIS- Sales were up for the big home builder were up 24%, but the backlog fell slightly due to the firm's exit of the Orlando, Ft. Myers and Indianapolis markets.

By By Jim McCartney | Updated on October 27, 2000

MINNEAPOLIS-The Rottlund Co. said its second quarter income wasjust over $3 million, or 52 cents a share, up 160% from the same quarter a year ago.

Revenues forthe Minneapolis-based builder of single-family homesand townhome complexes were up 24 percent to $75.8million for the quarter ended Sept. 30. Backlog at theend of the quarter was comprised of 580 homes with asales value of $120.2 million. A year ago, the backlogwas a sales value of $125 million representing backlogof 712 homes.

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