ML Macadamia Orchards L.P. swung to a net loss in the third quarter from a net profit a year earlier as it collected less in crop insurance recovery.

The Hilo-based company said it lost of $42,000, or 1 cent per Class A Unit.
That compared to a year earlier’s net income of $886,000 or 12 cents a unit.
The company said revenue of $5.69 million compared with sales of $5.76 million a year earlier. But ML Macadamia said its crop insurance was $157,000 compared to $886,000 a year prior.
ML Macadamia said its harvest of 6.5 million pounds was 4 percent lower than the year-previous quarter, though was better than the historical average for this period.