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MDC Holdings Inc. posted its first profit since 2006 as the homebuilder’s fourth-quarter bottom line was helped by a $142.6 million tax benefit. Revenue rose as the company saw “significant increases” in orders.
The company reported a profit of $127.2 million, or $2.68 a share, compared with a year-earlier loss of $89 million, or $1.92 a share. Revenue jumped 9.3 percent to $323.9 million.
