logo
Share SHARE
FONT-SIZE Plus   Neg

Maui Land & Pineapple Slips To Loss In Q4

Real estate company Maui Land & Pineapple Company, Inc. (MLP) Friday reported a fourth-quarter net loss of $3.5 million or $0.19 per share, compared to net income of $12.0 million or $0.65 per share last year.

Revenues for the quarter declined to $3.5 million from $9.9 million last year.

Warren Haruki, CEO of Maui Land, said, "We simplified our business model by exiting our non-core businesses, we resolved significant legacy issues, and significantly reduced our operating cash burn. Also, thanks to the Maui County Council, we secured the entitlements for our Pulelehua project near the Kapalua Airport."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Cable-cutters have now one more reason to do so as live television streaming will be available on YouTube TV in 14 more markets in the U.S. Facebook Chief Operating Officer Sheryl Sandberg has donated nearly $100 million in Facebook shares to charity. This is her second charitable donation within a year. A document was filed on Thursday with the Security and Exchange Commission, which shows that Sandberg transferred shares to a special fund she uses for charitable donations. Ford Motor Co.'s new CEO Jim Hackett has taken a more cautious approach to the automaker's plans for rolling out autonomous vehicles. Ford is currently undertaking a 100-day review of its operations and Hackett indicated at delays to the company's plans to launch a fully-autonomous vehicle by 2021.
comments powered by Disqus
Follow RTT