With a 28% increase in per-share earnings, LNR has completed its 16th consecutive record quarter, topping its earnings-per-share goal for the year of $3.70 to $3.85 and surpassing the prior year by 17%.

Net earnings of 33.56 million or $1.02 per diluted share compared to $27.9 million or 80 cents per share in the same period last year.

For the year ended Nov. 30, 2001, net earnings were $135.1 million or $3.87 per diluted share versus a net of $115.9 million or $3.32 per share for 2000.

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