BUSINESS BRIEFS
Income up for Maui Land & Pineapple
Advertiser Staff and News Services
Maui Land & Pineapple reported net income of $2 million, or 28 cents a share, in the third quarter compared with a net loss of $2.2 million, or 30 cents a share in the same quarter a year earlier.
Revenue increased to $44.1 million in the third quarter from $34.6 million a year earlier. The improvement was largely because of three land sales in upcountry Maui that resulted in recognized revenue of $6 million. The pineapple business produced an operating loss of $2.5 million, compared with a loss of $3.6 million a year earlier.
HVCB TO HAVE NYC PRESENCE
The Hawai'i Visitors and Convention Bureau, along with 16 industry partners, will host an exhibit at the 2005 Annual Meeting of the Insurance Conference Planners Association tomorrow through Thursday in New York City.
Among the special events is a breakfast reception Wednesday co-sponsored by the HVCB, featuring keynote speaker Rudolph Giuliani, former mayor of New York City.
"Hawai'i has established a great reputation with this leading business sector and our presence at ICPA will only help to solidify our relationships and generate more business for the state," said Kathy Dever, HVCB's Chicago-based regional director of accounts.
KONA HOME TO NEW CATAMARAN
Kona-based Fair Wind Cruises has launched a new 55-foot catamaran for snorkeling, scuba, sightseeing and whale-watching tours.
The Hula Kai, built in Bellingham, Wash., by All American Marine Inc., uses a "foil-assist" technology developed in New Zealand that minimizes boat wake and allows for cruising at higher speeds, said a Fair Wind spokesman.
OIL PRICES SEE $1 DIP PER BARREL
NEW YORK — Oil prices fell more than $1 a barrel yesterday amid mild weather on both sides of the Atlantic that was expected to dampen demand for home-heating fuels.
Oil had risen more than $2 a barrel the day before and analysts said oil would likely trade in a narrow band over the coming weeks, pulled between the diminishing belief that demand was low and the mild weather in Europe and the United States.
