Posted at 12:56 p.m., Monday, March 13, 2006
BUSINESS BRIEFS
ML Macadamia Orchards posts profit
Advertiser Staff
A larger harvest and higher macadamia nut prices helped ML Macadamia Orchards LP reverse its losses and post a profit last year.The Hilo-based company earned $771,000, or 10 cents a share in 2005, after losing $1.6 million, or 22 cents a share the year before, the company said. Revenues rose to $17.4 million in 2005 from $13.7 million in 2004.
Macadamia Orchards received an average of 56 cents per pound for its nuts in 2005, up from 50 cents a pound the year before. The company harvested 21.7 million pounds of nuts in 2005, up 15 percent from the year before. Lower legal fees also helped boost profits, the company said.
Hoana Medical names influential doctor to advisory board
Hoana Medical, a Honolulu-based medical device company, has named Dr. Robert Wachter to the company's Medical Advisory Board.
Wachter is known for his work in the field of patient safety, and was recently named the 26th most influential physician-executive in the U.S. by Modern Physician Magazine.
He serves as chief of the Medical Service and co-chair of the Patient Safety Committee at the University of California, San Francisco Medical Center. Wachter will help Hoana develop and implementation devices, such as the company's flagship product, the LG1 Intelligent Medical Vigilance System, which received Food and Drug Administration clearance last month for distribution in the US.
