Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Maui Land & Pineapple Slips To Loss In Q4

Real estate company Maui Land & Pineapple Company, Inc. (MLP: Quote) 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."

Click here to receive FREE breaking news email alerts for Maui Land & Pineapple Co and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Two federal appeals courts have issued contradictory rulings over the federal government's ability to provide subsidies under Obamacare, suggesting that the future of President Barack Obama's healthcare law could once again end up in the hands of the U.S. Supreme Court. After ending the previous session modestly lower, stocks have shown a strong move back to the upside during trading on Tuesday. With the upward move on the day, the S&P 500 has reached a new record intraday high. A majority of Americans believe Israel is justified in taking military action against Gaza, according to the results of a new CNN/ORC International survey, although opinions about the amount of military force the Israelis have used are more divided.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.