The Real Deal Miami

Bluegreen reports revenue, income jumps

May 11, 2012 01:30PM

Timeshare developer Bluegreen reported that its income doubled in the first quarter of 2012, according to the South Florida Business Journal. The Boca Raton-based company reported revenue of $97.2 million and net income of $5.65 million in the first three months of the year. “We are very pleased with our performance during the first quarter of 2012,” said Bluegreen CEO John Maloney. “We experienced strong growth in systemwide sales and our fee-based service business.” Last year, Bluegreen sold its residential division for $31.5 million to Southstar Development Partners. [SFBJ]