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The Honolulu Advertiser

Posted at 11:24 a.m., Friday, August 3, 2007

Maui Land & Pineapple reports net loss widened

Advertiser Staff

Kahului-based Maui Land & Pineapple Inc. reported its second-quarter net loss widened to $3.5 million, or 44 cents a share, from $2.6 million, or 36 cents, a year earlier.

The company said increased revenues and operating profit from its community development business was offset by increased operating losses from the agriculture and resort business. It reported revenue rose to $38.7 million from $33.6 million in the same 2006 quarter.