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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