The Real Deal Miami

Bluegreen income slips by half

November 11, 2008 10:18AM

Resort developer Bluegreen Corp. said its third quarter income dropped
by 51 percent. The Boca Raton-based company earned 21 cents a share,
down from 45 cents a share in the prior-year period. Contract sales
were $154 million, up 10 percent from $139.5 million in the same
quarter of 2007. The increase in those sales was due primarily to a 20
percent increase in sales to existing Bluegreen Vacation Club members,
according to the company.