The company has reported record net income of $14 million, or 55 cents per diluted share, for the quarter ended June 30, compared to net income of $11 million, or the split-adjusted 43 cents perdiluted share for the same quarter last year. For the six months ended June 30, net income was $25.8 million, or $1.01 per diluted share, 25.2% ahead of last year's $20.6 million, or the split-adjusted 81 cents per diluted share.

Trendwest reported total revenues of $124.9 million for the quarter, a 52.3% increase over the $82 million reported in the same quarter last year. For the six months ended June 30 revenues were $229.9 million, up 48.1% from $155.2 million reported for the same period last year. For this quarter, financing activities generated $11.8 million in revenues, compared to $8.5 million in thesame quarter last year, a 38.8% increase. Year-to-date, revenues from financing activities totaled $21.5 million, up 31.9% from last year's $16.3 million.

During the second quarter, Trendwest contributed a total of 106 condominium units to the Clubs, WorldMark and WorldMark South Pacific, at seven existing resort locations, further enhancing the Company's "drive-to'' product throughout the various regions.