WCI profits up
Posted by Mark Washburn on Thursday, November 3, 2005 at 11:58 AM
By Mark Washburn / November 3, 2005
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Bonita Springs-based builder profits up 38% 
In the midst of significant construction industry insider trading and earnings misses, local developer WCI Communities checked in this week with strong performance for Q3 04 with profits up 38% over the previous year.
The company's backlog, which is the estimated value of contracts not yet closed, is valued at $2.51 billion, up 34.2 percent from the same time last year.
The average home price increased 28.6 percent to $882,000, but the number of new unit orders was down in the third quarter by 24.8 percent.
Developer WCI states profit rose 38 percent [Naples Daily News]
3Q 2005 Earnings Presentation [WCI Communities]
In the midst of significant construction industry insider trading and earnings misses, local developer WCI Communities checked in this week with strong performance for Q3 04 with profits up 38% over the previous year.
The company's backlog, which is the estimated value of contracts not yet closed, is valued at $2.51 billion, up 34.2 percent from the same time last year.
The average home price increased 28.6 percent to $882,000, but the number of new unit orders was down in the third quarter by 24.8 percent.
Developer WCI states profit rose 38 percent [Naples Daily News]
3Q 2005 Earnings Presentation [WCI Communities]
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