Ironwood, Michigan-based land management company Keweenaw Land Assn. reports Q1 net income of US$131,963, up from US$124,946 a year earlier, on timber sales up 1.6% year-over-year at US$2.7M

Aimee Bellah

Aimee Bellah

IRONWOOD, Michigan , April 21, 2014 (press release) – Keweenaw Land Association, Limited Announces 2014 First Quarter Earnings

Keweenaw Land Association, Limited (KEWL: OTC Pink) today reported timber sales of $2,713,806 for the first quarter ended March 31, 2014, up $43,811, or 1.6%, from the $2,669,995 that the company reported in the comparable period in 2013. Net Income from the quarter totaled $131,963, or $0.10 per share, versus net income of $124,946, or $0.10 per share, in the first quarter of 2013. A comprehensive quarterly newsletter detailing operating results is available on the Company’s website at www.keweenaw.com.

About Keweenaw Land Association, Limited: Keweenaw is a forest products and land management company located in Ironwood, Michigan. Keweenaw has land holdings of approximately 167,000 surface acres and over 400,000 acres of mineral rights, located predominantly in the western Upper Peninsula of Michigan. Keweenaw shares trade in the OTC Markets under the Pink directory with 1,295,533 shares outstanding.

Contacts

Keweenaw Land Association, Limited
James J. Simmons, Jr., 1-906-932-3410
Controller/Treasurer

From The Detroit News: http://www.businesswire.com/news/home/20140421005070/en/Keweenaw-Land-Association-Limited-Announces-2014-Quarter#ixzz2zXXVW5Uc

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