 PLYMOUTH MEETING, Pa., Dec. 08, 2020 GLOBE NEWSWIRE -- AMREP Corporation NYSE: AXR today reported net income of 798,000, or 0.10 per share, for its 2021 fiscal second quarter ended October 31, 2020 compared to a net loss of 2,169,000, or 0.27 per share, for the same period of the prior year. For the first six months of 2021, AMREP had net income of 1,391,000, or 0.17 per share, compared to a net loss of 2,365,000, or 0.29 per share, for the same period of 2020. During the second quarter of 2020, AMREP recognized a non-cash pre-tax settlement charge of 2,929,000 due to AMREPs defined benefit pension plan paying certain lump sum payouts of pension benefits to former employees. 