Pope Resources (POPE), a manager of timberland and development property, Tuesday reported net income attributable to unitholders of $3.7 million, or $0.81 per ownership unit, compared to a net loss attributable to unitholders of $562,000 or $0.14 per ownership unit last year.
Revenue climbed to $14.6 million from $7.5 million for the comparable period in 2011.
David Nunes, President and CEO, said, ''In spite of the modest recovery in home building, we are encouraged by the progress we are making across all our segments for growing our business over the next few years."
The company expects harvest volume for 2012 to be between 80 and 82 MMBF.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.