VINLAND PROPERTY TRUST REPORTS THIRD QUARTER RESULTS

PR Newswire | October 15, 1992 | Copyright

 
          VINLAND PROPERTY TRUST REPORTS THIRD QUARTER RESULTS 
    DALLAS, Oct. 15 /PRNewswire/ -- Vinland Property Trust

(NASDAQ: VIPTS) reported net income of $73,000, or 1 cent per share, on revenues of $1.4 million for the quarter ended Aug. 31, 1992. This compares with a net loss of $2.0 million, or 33 cents per share, on revenues of $1.0 million for the third quarter of 1991. Vinland recorded a provision for losses of $2.5 million during 1991's third quarter and no provision in 1992's third quarter.

 
    For the nine months ended Aug. 31, 1992, Vinland ...

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