Keweenaw Land Association, Limited Announces 2012 Fourth Quarter Earnings
23 January 2013 - 3:00AM
Business Wire
Keweenaw Land Association, Limited (Pink Sheets: KEWL) today
reported timber sales of $2,716,919 for the fourth quarter ended
December 31, 2012, compared to $3,250,697 from the same period in
2011. Income from other sources during the quarter totaled
$360,611, compared to $196,922 in the fourth quarter of 2011. Net
income for the quarter totaled $411,093, or $0.32 per share, versus
$234,517, or $0.18 per share, in the fourth quarter of 2011.
Keweenaw recognized year-to-date net income of $1,041,096, or $0.81
per share, versus $520,820 year-to-date in 2011, or $0.40 a share.
A comprehensive newsletter detailing operating results is available
on the Company’s website at www.keweenaw.com.
About Keweenaw Land Association, Limited: Keweenaw is a forest
products and land management company located in Ironwood, Michigan.
Keweenaw has land holdings of approximately 162,000 surface acres
and over 400,000 acres of mineral rights, located predominantly in
the western Upper Peninsula of Michigan. Keweenaw shares trade in
the OTC Markets under the Pink directory with 1,292,858 shares
outstanding.
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