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The Honolulu Advertiser
Posted on: Thursday, May 2, 2002

Maui Land reports income

Advertiser Staff

Maui Land & Pineapple Company Inc. reported net income of $776,000 or 11 cents per share for the first quarter of 2002, about the same compared to the same time last year.

Revenues for the first quarter of 2002 were $36.3 million, a decrease of $2.4 million compared with the first quarter of 2001, the company said in a release yesterday.

Pineapple operations produced revenues of $19.3 million for the first quarter of 2002 compared with $21.1 million for the first quarter of 2001 and generated an operating loss of $1.14 million, compared to an operating loss of $967,000 a year earlier.