Friday, November 10, 2006
Source: chron.com
American Real Estate Partners LP, proprietor of real land property including condominiums, golf course and casinos, said Thursday it swung to a income in the third-quarter, helped by revenue from its recently acquired home style section.
Quarterly net income totaled 103.1 million, or 1.63 per limited corporation unit, from a year-ago loss of 126.1 million, or 1.99 per LPU.Revenue grew 29 percent to 373.3 million, from 289.4 million last year. Revenue was helped by sales from house Fashion segment, which was gain in August 2005.
Gaming segment revenue fell 3.8 percent to 78.6 million, while its real estate revenue grew 38 percent to 33.1 million. The home fashion segment, made up of the recently acquire WestPoint Stevens Inc. a company that makes bed and bath products, had profits of 240.5 million. American Real Estate shares were unchanged at 61.50 at the open of trading on the New York store swap over.
American Real Estate Partners LP, proprietor of real land property including condominiums, golf course and casinos, said Thursday it swung to a income in the third-quarter, helped by revenue from its recently acquired home style section.
Quarterly net income totaled 103.1 million, or 1.63 per limited corporation unit, from a year-ago loss of 126.1 million, or 1.99 per LPU.Revenue grew 29 percent to 373.3 million, from 289.4 million last year. Revenue was helped by sales from house Fashion segment, which was gain in August 2005.
Gaming segment revenue fell 3.8 percent to 78.6 million, while its real estate revenue grew 38 percent to 33.1 million. The home fashion segment, made up of the recently acquire WestPoint Stevens Inc. a company that makes bed and bath products, had profits of 240.5 million. American Real Estate shares were unchanged at 61.50 at the open of trading on the New York store swap over.
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@ 10:10 PM
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