Maui Land pared loss in quarter to $1.7M

By Star-Advertiser staff

POSTED: 01:30 a.m. HST, Feb 28, 2013

~~<p>Maui Land & Pineapple Co., a majority of which is owned by billionaire Steve Case, said Wednesday it lost $1.7 million, or 9 cents a share, in the fourth quarter, compared with a loss of $3.5 million, or 19 cents, a year earlier.</p>
<p>"MLP made significant progress towards completing our restructuring efforts during 2012," CEO Warren Haruki said in a statement. "We now have a simplified business model focused on our core land holdings … While we still face several challenges, we remain steadfast in our commitment to manage and care for our Maui lands for the benefit of our stakeholders and the community."</p>
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Maui Land & Pineapple Co., a majority of which is owned by billionaire Steve Case, said Wednesday it lost $1.7 million, or 9 cents a share, in the fourth quarter, compared with a loss of $3.5 million, or 19 cents, a year earlier.

"MLP made significant progress towards completing our restructuring efforts during 2012," CEO Warren Haruki said in a statement. "We now have a simplified business model focused on our core land holdings … While we still face several challenges, we remain steadfast in our commitment to manage and care for our Maui lands for the benefit of our stakeholders and the community." Login for more...