Thursday, May 23, 2013
Maui Land & Pineapple's losses widen
POSTED: 10:35 p.m. HST, Oct 24, 2012
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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