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Maui Land & Pineapple's losses widen

By Dave Segal

LAST UPDATED: 10:35 p.m. HST, Oct 24, 2012

Maui Land & Pineapple Co. said today it posted a wider loss in the third quarter despite higher revenue.

The Kapalua-based company lost $1.6 million, or 9 cents a share, compared with a loss of $1.3 million, or 7 cents a share, a year ago.

Revenue rose percent to $3.6 million from $3.4 million.

MLP’s stock jumped 23 cents, or $10.6 percent, to $2.41 on Wednesday. Its financial results were announced after the market closed.

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