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
April 21, 2014
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.
Keweenaw Land Association, Limited
James J. Simmons, Jr., 1-906-932-3410
From The Detroit News: http://www.businesswire.com/news/home/20140421005070/en/Keweenaw-Land-Association-Limited-Announces-2014-Quarter#ixzz2zXXVW5Uc
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