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Matson spinoff drops A&B profits

The shipping operation separation brought the company a $4.4M loss in the second quarter

By Andrew Gomes

POSTED: 01:30 a.m. HST, Aug 02, 2012

~~<p>Breaking up can be hard to do, but it was also expensive for Alexander &amp; Baldwin Inc. and Matson Navigation Co.</p>
<p>A&amp;B incurred about $14 million in expenses and land value reduction from spinning off former subsidiary Matson in June, and those costs sapped profits of A&amp;B in the second quarter.</p>
~~

Breaking up can be hard to do, but it was also expensive for Alexander & Baldwin Inc. and Matson Navigation Co.

A&B incurred about $14 million in expenses and land value reduction from spinning off former subsidiary Matson in June, and those costs sapped profits of A&B in the second quarter. Login for more...



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