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The Honolulu Advertiser
Posted on: Wednesday, October 31, 2001

Business briefs

Advertiser News Services

Conference set on violence

A conference on preventing workplace violence will be held at the Hawai'i Convention Center Friday. "Violence on the Job: Prediction, Prevention and Intervention" is sponsored by the Pacific Institute for the Study of Conflict and will run from 8:30 a.m. to 3:30 p.m.

For $35, participants will receive workplace violence prevention manuals and a checklist to help identify workers who could pose a risk of violence.

Presenters include City Prosecutor Peter Carlisle, attorney Michael Green, and Harold Hall, a Big Island psychologist and the founder of the Institute. Call 808-885-9800 to register.


Land sales lift firm's income

Maui Land & Pineapple Co. Inc. reported net income in the third quarter soared, boosted by real estate sales at Kapalua Resort. The company reported net income of $1.97 million, or 27 cents a share, compared to net income of $556,000, or 8 cents a share, the same quarter last year.

The company said its Kapalua Resort division produced a profit of $6.5 million compared to $1.3 million the same time last year. Revenues were $19.1 million compared to $11.1 million the same time last year.

Increased production, marketing, consulting, pension and other costs offset higher prices and sales in the company's pineapple division. The operations generated an operating loss of $2 million, compared to $822,000 the third quarter last year.

The company said its commercial and property segment posted an operating loss of $432,000 up from $171,000 for the third quarter last year.


Aston parent's net income falls

The parent of the Aston hotel chain, ResortQuest International Inc., said its net income fell 22 percent to $5 million, or 26 cents per diluted share, in the third quarter compared with 34 cents a share a year earlier.

ResortQuest CEO David Levine said tourism was slowing before the terrorist attacks on Sept. 11, which exacerbated the problem.

Still, the company said revenue climbed to $48.7 million in the three months to Sept. 30 from $47 million a year earlier because of beach resort acquisitions.

ResortQuest's Hawai'i resorts reported a drop in lodging revenues of 11.5 percent to $37.5 million.