Keweenaw Land Association, Limited Announces 2012 Second Quarter Earnings
July 20 2012 - 1:00PM
Business Wire
Keweenaw Land Association, Limited (Pink Sheets: KEWL) today
reported timber sales of $1,412,862 for the second quarter ended
June 30, 2012, up $575,793, or 68.8%, from the $837,069 that the
company reported in the comparable period in 2011. Net Income from
the quarter totaled $161,730, or $0.12 per share, versus a loss of
$365,428, or $0.28 per share, in the second 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. Keweenaw shares trade in
the OTC Markets under the Pink directory with 1,292,665 shares
outstanding.
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