Maui Land & Pineapple Co. sold some land in November to earn a fourth-quarter profit and narrow a full-year loss in 2013, continuing a strategy of selling assets in the wake of soured resort and farming operations.

The Kapalua-based company announced Monday that it earned a $1.4 million profit in the fourth quarter compared with a $1.7 million loss in the same period a year earlier. The turnaround was largely due to the sale of 10 acres in West Maui for $5.4 million in November. The sale produced a $2.1 million gain.

For the full year, Maui Land lost $1.2 million in 2013 compared with a $4.6 million loss in 2012. Besides the 10-acre land sale, results included the sale of a 7-acre parcel that represented the last of the company’s pineapple cannery facilities in Kahului for $4 million to produce a $1.4 million gain.

Warren Haruki, Maui Land chairman and CEO, said in a statement the company is focused on the development and marketing of its real estate after restructuring operations, and is making progress resolving legacy issues.

"We believe the efforts of the past several years have strengthened our ability to manage and care for our Maui landholdings for the benefit of our stakeholders and the community," he said.