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Blue Ridge Real Estate Company and Big Boulder Corporation Report Financial Results for the Fiscal Year 2004.

Publication: Business Wire
Publication Date: 10-JAN-05 		Format: Online - approximately 1025 words
Delivery: Immediate Online Access

Article Excerpt
BLAKESLEE, Pa. -- Blue Ridge Real Estate Company and Big Boulder Corporation (OTC:BLRGZ) today announced that revenues for its fiscal year ended October 31, 2004 were $18,095,471, down 9%, compared to $19,861,618 in the comparable period in 2003. The change is primarily related to reduced revenues in ski (down approximately $528,000), timber (down approximately $895,000) and land sales (down approximately $404,000). Ski revenue decreased due to adverse weather conditions. Timber and land sales are dependent upon the timing of when management enters into contracts.

Net income was $6,246,107 or $3.26 basic earnings per share. For the comparable 2003 period, the company reported a net loss of $879,137 or $.45 basic loss per share. The change is primarily attributed to the sale of the Dreshertown Shopping Center resulting in a pretax gain of $12,026,867 and the sale of four communication towers resulting in a pretax...

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