Keweenaw Land Association, Limited Announces 2012 Third Quarter Earnings
October 16 2012 - 11:00AM
Business Wire
Keweenaw Land Association, Limited (Pink Sheets: KEWL)
today reported timber sales of $2,644,039 for the third quarter
ended September 30, 2012, compared to $3,070,164 from the same
period in 2011. Income from other sources during the quarter
totaled $61,830, compared to $302,732 in the third quarter of 2011.
Net income from the quarter totaled $265,303, or $0.21 per share,
versus $722,611, or $0.56 per share, in the third quarter of 2011.
Keweenaw recognized year-to-date net income of $630,003, or $0.49
per share, versus $286,303 year-to-date in 2011, or $0.22 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 1,292,665 shares
outstanding.
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