AMREP Corp. (NYSE:AXR) reported net income of $1,083,000 , or $0.18 per share, for its fiscal 2012 second quarter ended October 31, 2011 compared to net income of $731,000 , or $0.12 per share, for its fiscal 2011 second quarter ended October 31 , 2010. For the first six months of fiscal 2012, the Company had net income of $804,000 , or $0.13 per share, compared to net income of $233,000 , or $0.04 per share, for the same period of fiscal 2011. Revenues were $23,351,000 and $44,844,000 for the second quarter and first six months of 2012 versus $25,816,000 and $50,903,000 for the same periods last year.

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