BOCA RATON, Fla. (AP) _ Bluegreen Vacations Corp. (BXG) on Monday reported fourth-quarter profit of $10.6 million.
The Boca Raton, Florida-based company said it had net income of 14 cents per share. Earnings, adjusted for non-recurring costs and severance costs, were 25 cents per share.
The timeshare developer and operator posted revenue of $183.9 million in the period.
For the year, the company reported profit of $34.9 million, or 47 cents per share. Revenue was reported as $740.2 million.
Bluegreen Vacations shares have declined 39% since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.29, a decrease of 60% in the last 12 months.