Maui Land & Pineapple Co. widened its losses in the fourth quarter of 2007, but increased its profit for the full year.

The Kahului-based company reported a net loss of $4 million, or 51 cents a share in the fourth quarter, compared to net loss of $1.5 million, or 20 cents a share in the fourth quarter of 2006.

Consolidated revenues fell to $25.9 million in the fourth quarter, a 44 percent decline from the same period a year earlier, reflecting lower revenues from all of the company's business segments.

Maui Land & Pineapple reported net income of $8 million, or $1.03 a share, for the full year, up from $7.2 million, or $1 a share, for 2006. Consolidated revenues were $154.1 million in 2007 compared to $178.9 million in 2006, a decrease of 14 percent.

The decrease primarily reflects a reduction in agriculture segment revenues due to the restructuring that began in the second quarter of 2007, and a decrease in the resort segment revenues, largely due to the temporary closure and renovation of the Ritz-Carlton Kapalua and other facilities at Kapalua Resort during 2007, and the closure of the Village Course in February 2007, the company said in a news release.