Maui Land & Pineapple Co. reverted to losing money in the second quarter in the absence of land sales, racking up an $818,000 net loss for the three months ended June 30 compared with a $477,000 profit in the same period last year.
The Kapalua-based company, which owns 23,000 acres of mostly farmland on Maui, said revenue tumbled 44 percent to $2.8 million in the recent quarter from $5 million a year earlier.
The year-ago quarter included a $1.5 million gain from selling a Kapalua Plantation Golf Course maintenance facility for $2.3 million. There were no real estate sales in the recent quarter.
Maui Land, which once operated a pineapple plantation and was active in resort and housing development projects, has been mainly selling assets in recent years to sustain itself.
The company said it derived $1.4 million in revenue from land leasing in the second quarter, about even with a year earlier. Revenue from utility operations was about $800,000 in the same periods. And revenue from operating resort amenities also was roughly flat at about $300,000.
Bankoh to give $25K for Saipan relief
Bank of Hawaii Foundation said Thursday it will contribute $25,000 to help relief efforts underway in Saipan due to Typhoon Soudelor.
The American Red Cross, Pacific Islands Region, will receive $15,000, and $10,000 will go to The Salvation Army-Hawaiian and Pacific Islands Division.
“We recognize that the devastation is widespread and recovery efforts will be extensive,” said Donna Tanoue, Bank of Hawaii Foundation president. “The American Red Cross and The Salvation Army will help ensure that funds are directed to people and areas with the highest need.”
Hawaiian Air tops in punctuality for June
Hawaiian Airlines continued to hold on to its top position as the nation’s most punctual carrier.
The state’s largest airline said Thursday it had 90.5 percent of its flights arrive on schedule in June. It was the fourth straight month that Hawaiian has been on top. A flight is considered on time if it arrives within 15 minutes of its scheduled arrival.
Hawaiian also ranked first for fewest flight cancellations with 0.1 percent, representing 10 cancellations out of 6,677 flights.
Zippy’s restaurants add defibrillators
Ten Zippy’s restaurants in the islands have installed automated external defibrillators, or AEDs, for employees or customers who suffer sudden cardiac arrest while on or near the premises.
Installation of the HeartSine AEDs coincides with the corporate wellness program of Zippy’s parent company, FCH Enterprises, which includes cardiopulmonary resuscitation and AED training for employees.
Additional AEDs will be installed in the remaining Zippy’s restaurants over time.
The installed AEDs are suitable for adult or pediatric use, according to a HeartSine statement.
On The Move
» Wilcox Memorial Hospital has added the following new internal medicine physicians to its staff:
— Dr. Anne Dempsey was previously a hospitalist and practiced in Austin, Texas, for nine years. She also completed her residency and internship at UT Southwestern/Parkland Hospital in Dallas.
— Dr. Erik Russell previously served his residency at MedStar Franklin Square Medical Center in Baltimore.
Ship Ahoy!
Friday’s ship arrivals and departures:
Honolulu Harbor |
AGENT |
VESSEL |
FROM |
ETA |
ETD |
BERTH |
DESTINATION |
MNC |
Mokihana |
Pier 52A |
— |
— |
32 |
— |