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Wednesday, October 23, 2024 78° Today's Paper


Business

Sugar closure costs consume A&B profit

COURTESY ALEXANDER & BALDWIN MAUI

Costs associated with closing the last sugar cane plantation in Hawaii outweighed profits from Alexander Baldwin Inc.’s other operations, resulting in a quarterly loss announced Thursday. A&B said in January that it would shut down Hawaiian Commercial & Sugar Co. on Maui. The final harvest is underway.