Nobility Homes Posts Sales and Earnings

Yahoo! Finance reports Nobility Homes financials for the second quarter 2011 show a drop of revenue of nearly $480,000 from the second quarter 2010 to $3,229,214.  The loss of $143,047 for Q2 2011 is less than the $236,928 lost in the second quarter of 2010.  Nobility says it has a large inventory of repossessed homes and may have to sell them for less than they cost.  Sales for the first six months of fiscal 2011 were $6,461,903, compared to sales of $7,001,403 in the first six months of 2010.  Losses from operations were $334,118 less for the first six months of 2011 versus the same period in 2010.

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