Keweenaw Land Association, Limited Announces 2014 Third Quarter Earnings
20 Octobre 2014 - 4:00PM
Business Wire
Keweenaw Land Association, Limited (OTC Pink: KEWL) today
reported timber sales of $3,125,665 for the third quarter ended
September 30, 2014, up $428,542, or 16%, from the $2,697,123 that
the company reported in the comparable period in 2013. Net Income
for the quarter totaled $427,402, or $0.33 per share, versus
$621,457, or $0.48 per share, in the third quarter of 2013.
Keweenaw recognized year-to-date net income of $417,191, or $0.32
per share, versus $413,689 year-to-date in 2013, or $0.32 a share.
A comprehensive newsletter detailing operating results is available
on the Company’s website at www.keweenaw.com.
About Keweenaw Land Association, Limited: Keweenaw is a forest
products and land management company located in Ironwood, Michigan.
Keweenaw has land holdings of approximately 168,000 surface acres
and over 400,000 acres of mineral rights, located predominantly in
the western Upper Peninsula of Michigan. Keweenaw shares trade in
the OTC Markets under the Pink directory with 1,295,533 shares
outstanding.
Keweenaw Land Association, LimitedJames J. Simmons,
Jr.Controller/Treasurer1-906-932-3410
Keweenaw Land Association (PK) (USOTC:KEWL)
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