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Profit up for big LV builder

Tuesday, June 25, 2002 | 11:05 a.m.

KB Home of Los Angeles, the largest home builder in Las Vegas, today reported strong financial results for its second quarter ending May 31.

The builder said net income rose 62 percent to a new second quarter record of $64.1 million, or $1.42 per share, from $39.5 million or $1.07 in the same quarter of 2001.

Revenues reached $1.14 billion, a second-quarter record, up 7 percent. Second quarter deliveries of 6,052 units exceeded the previous record of 5,821 units established in the second quarter of 2001.

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