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EARNINGS

HOST MARRIOTT CORP.: The Bethesda, Md., owner of hotels said its profits rose 52 percent on acquisitions and higher room prices at its upscale hotels during its first quarter ended March 27. The company said funds from operations, the prevailing measure of profit among real estate companies, of $91-million, or 41 cents a diluted share. That's up from $60-million, or 28 cents, a year earlier. Net income rose to $30-million, or 14 cents a diluted share, from $11-million, or 5 cents, a year earlier. The company, which mainly owns Marriott and Ritz-Carlton brand properties and resorts, said last month that it will convert from a corporation to a real estate investment trust. Host Marriott stock closed Friday at $20.06\, up 62{ cents.

IMC MORTGAGE CO.: The Tampa company reported net income of $15.1-million, or 44 cents a diluted share, for its first quarter ended March 31. A year earlier, the company had net income of $8.9-million, or 34 cents a share. The company's revenues increased to $83.9-million from $38.4-million a year earlier. Loan origination volume increased by 107 percent to $1.7-billion for the quarter. IMC stock closed Friday at $16.50, up 56\ cents.

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