The locally based developer and marketer of timeshare resorts attributed the 129% gain to a strategic plan aimed at improving operating efficiencies.

The company reported a net gain of slightly less than $4.6 million, or 17 cents per diluted share, on total sales of $69.2 million for the three months ended Sept. 30, compared with net of $2 million, or eight cents per share, on total sales of $65.6 million for the same period in 2000.

"Our second quarter results reflect the continued success of our previously announced strategic business plan, as well as the popularity of our drive-to timeshare resort properties and land offerings," George F. Donovan, Bluegreen president and chief executive officer, says in a prepared statement. "Our strategic business plan, which we first reported in the third quarter of fiscal 2000, has produced stronger operating results and favorable year-over-year comparisons."