Kaufman & Broad, Saxton profits up

Friday, March 26, 1999 | 10:36 a.m.

Quarterly revenue was up 63 percent to $694.1 million.

Reflecting its acquisition of Lewis Homes and the booming housing markets in the West, Kaufman & Broad said it took orders for 5,621 homes in the first quarter -- up from 3,716 in 1998's first quarter.

Separately, Saxton Inc. of Las Vegas reported a fourth quarter profit of $3.4 million or 44 cents per share, up from $1.4 million or 19 cents in the year-ago quarter.

Quarterly revenue jumped 166 percent to $38.6 million.

Saxton builds homes and commercial buildings in Nevada, Arizona and Utah.

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