Keweenaw Land Association Announces 2012 First Quarter Earnings
April 13 2012 - 4:00PM
Business Wire
Keweenaw Land Association, Limited (KEWL: OTC Pink) today
reported timber sales of $2,895,168 for the first quarter ended
March 31, 2012, up $316,257, or 12.3 percent, from the $2,578,911
that the company reported in the comparable period in 2011. Net
Income from the quarter totaled $202,970, or $0.16 per share,
versus a loss of $70,880, or $0.05 per share, in the first quarter
of 2011. 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 and Northern Wisconsin.
Keweenaw shares trade in the OTC Markets under the Pink directory
with 1,292,665 shares outstanding.
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