BOCA RATON, Fla. (AP) _ Bluegreen Vacations Corp. (BXG) on Monday reported fourth-quarter net income of $7 million.

The Boca Raton, Florida-based company said it had profit of 10 cents per share. Earnings, adjusted for severance costs and non-recurring costs, came to 15 cents per share.

The timeshare developer and operator posted revenue of $151.2 million in the period.

For the year, the company reported profit of $8.2 million, or 11 cents per share. Revenue was reported as $521.1 million.

Bluegreen Vacations shares have climbed nearly 10% since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.70, a climb of 13% in the last 12 months.

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