Arvida posted net earnings before interest, taxes, depreciationand amortization of $15.9 million versus $14.4 million in the same2000 period, an increase of 10%.

Arvida Realty Services, another division, generated net EBITDAof $8.6 million compared with $6.1 million in third quarter 2000.ARS posted gross revenue of $77.1 million, a 14% increase over the$67.5 million logged in third quarter 2000.

"Despite the event of Sept. 11, demand remained strong for ourNorthwest Florida products, on and off the beach," St. Joechairman/CEO Peter S. Rummell says in a prepared statement.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.