Keweenaw Land Association, Limited Announces 2013 Fourth Quarter Earnings
25 January 2014 - 2:00AM
Business Wire
Keweenaw Land Association, Limited (KEWL: OTC Pink) today
reported timber sales of $2,339,020 for the fourth quarter ended
December 31, 2013, compared to $2,716,919 from the same period in
2012. Income from other sources during the quarter totaled
$287,812, compared to $360,611 in the fourth quarter of 2012. Net
income for the quarter totaled $292,453, or $0.23 per share, versus
$411,093, or $0.32 per share, in the fourth quarter of 2012.
Keweenaw recognized year-to-date net income of $706,142, or $0.55
per share, versus $1,041,096 year-to-date in 2012, or $0.81 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 167,000 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 1,295,333 shares
outstanding.
Keweenaw Land Association, LimitedJames J. Simmons, Jr.,
Controller/Treasurer1-906-932-3410
Keweenaw Land Association (PK) (USOTC:KEWL)
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