Keweenaw Land Association, Limited Announces 2013 Third Quarter Earnings
October 17 2013 - 10:00AM
Business Wire
Keweenaw Land Association, Limited (KEWL: OTC Pink) today
reported timber sales of $2,697,123 for the third quarter ended
September 30, 2013, up $53,084, or 2%, from the $2,644,039 that the
company reported in the comparable period in 2012. Net Income for
the quarter totaled $621,457, or $0.48 per share, versus $265,303,
or $0.21 per share, in the third quarter of 2012. Keweenaw
recognized year-to-date net income of $413,689, or $0.32 per share,
versus $630,003 year-to-date in 2012, or $0.49 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 1,294,118 shares
outstanding.
Keweenaw Land Association, LimitedJames J. Simmons, Jr.,
Controller/Treasurer1-906-932-3410
Keweenaw Land Association (PK) (USOTC:KEWL)
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