Quantcast

Thursday, August 21, 2014         

 Print   Email   Comment | View 1 Comments   Most Popular   Save   Post   Retweet

A&B profit rises on flat revenue


POSTED:



Alexander & Baldwin Inc. improved its profit in the first quarter, earning $5 million compared with $2.8 million in the same period last year.

The profit increase related to normal A&B business operations was less when factoring in $1.2 million in expenses during last year's first quarter for spinning off former subsidiary Matson Navigation Co. Without that special expense, year-ago net income for the quarter would have been $4 million.

Honolulu-based A&B, which primarily owns commercial real estate, develops residential projects and operates Hawaiian Commercial & Sugar Co., said first-quarter revenue was little changed at $41.5 million in the recent period compared with $41.2 million a year ago.






 Print   Email   Comment | View 1 Comments   Most Popular   Save   Post   Retweet

COMMENTS
(1)
You must be subscribed to participate in discussions


IN OTHER NEWS
Breaking News
Blogs