Net Income Rose over Five Fold for Nobility Homes

nobility_homes_logoIn reporting the financials for Nobility Homes, Inc. (OTC:NOBH) for the second quarter ending April 30, 2016, marketwired informs MHProNews sales for Q1 2016 rose 21 percent to $8,115,840 compared to $6,706,118 recorded in second quarter 2015. Income from operations rose 44 percent to $953,896 from $660,719.

After taxes, net income was $3,671,881 as compared to $680,553 last year. The financial position for the company is strong for the first six months of the year with cash, cash equivalents and short term investments of $20,614,116 and no debt.

Nobility has been designing and producing manufactured homes in central Florida for 49 years. Nobility has its own retail sales center, insurance subsidiary and an investment in a manufactured home retirement community. ##

(Image credit: Nobility Homes, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.

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