Net income rose 332% to $11.7 million or 46 cents per share versus $2.7 million or 11 cents per share in 2001. Timeshare sales reached a record $144.2 million from $141 million, making up 60% of total sales. Homesite sales jumped 8.4% to $96.4 million from $88.9 million last year.
Fourth-quarter results saw net income double to $1 million or four cents per share compared with a loss of $935,000 or four cents per share in the same 2001 period.
Fourth-quarter numbers marked the company's fourth consecutive quarter of profitability and the fifth consecutive quarter of period-to-period improvements.
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