| Business Summary | | AMREP
Corporation
is
primarily
engaged
in
two
unrelated
businesses:
the
Real
Estate
business
operated
by
AMREP
Southwest
Inc.,
and
the
Fulfillment
Services
and
Magazine
Distribution
business
operated
by
Kable
News
Company,
Inc.
(Kable).
For
many
years,
the
Company
was
both
a
real
estate
developer
and
a
builder
of
single-family
homes,
originally
in
Rio
Rancho,
New
Mexico
and
more
recently
in
the
Denver,
Colorado,
Sacramento,
California
and
Portland,
Oregon
metro
areas.
Through
its
wholly
owned
subsidiary,
Kable,
the
Company
performs
fulfillment
and
related
services
for
publishers
and
other
customers
and
distributes
periodicals
nationally
and
in
Canada
and,
to
a
small
degree,
in
other
foreign
countries. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AMREP
Corp.
is
a
R.E.
housing
developer
and
builder,
a
national
distributor
of
magazines,
and
a
provider
of
subscription
fulfillment
services
for
publishers.
For
the
fiscal
year
ended
4/30/01,
revenues
fell
39%
to
$73.2
million.
Net
income
totalled
$2.6
million,
up
from
$1.2
million.
Revenues
reflect
the
restructuring
of
the
Company's
real
estate
operations,
including
the
wind-down
of
homebuilding
activities.
Net
income
reflects
lower
operating
expenses
and
a
tax
benefit. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Peter Pizza, 50 CFO,
VP, Controller | $135K | Michael Duloc, 45 Pres
and COO of Kable News Company, Inc. | -- | James Wall, 64 Sr.
VP, CEO of AMREP Southwest Inc, Director | 272K | Dollar
amounts are as of 30-Apr-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|