Keweenaw Land Association, Limited Announces 2013 First Quarter Earnings
April 18 2013 - 11:00AM
Business Wire
Keweenaw Land Association, Limited (KEWL: OTC Pink) today
reported timber sales of $2,669,995 for the first quarter ended
March 31, 2013, down $225,173, or 7.8%, from the $2,895,168 that
the company reported in the comparable period in 2012. Net Income
from the quarter totaled $124,946, or $0.10 per share, versus net
income of $202,970, or $0.16 per share, in the first quarter of
2012. A comprehensive quarterly newsletter detailing operating
results, along with a letter to the shareholders by the Chairman,
Mr. David Ayer, 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 1,294,118 shares
outstanding.
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