Keweenaw Land Association, Limited Announces 2014 Fourth Quarter Earnings
January 22 2015 - 11:29AM
Business Wire
Keweenaw Land Association, Limited (KEWL: OTC Pink) today
reported timber sales of $3,007,195 for the fourth quarter ended
December 31, 2014, compared to $2,339,020 from the same period in
2013. Income from other sources during the quarter totaled
$155,234, compared to $287,812 in the fourth quarter of 2013. Net
income for the quarter totaled $438,669, or $0.34 per share, versus
$292,453, or $0.23 per share, in the fourth quarter of 2013.
Keweenaw recognized year-to-date net income of $855,860, or $0.66
per share, versus $706,142 year-to-date in 2013, or $0.55 a share.
A comprehensive 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 168,000 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 1,297,206 shares
outstanding.
Keweenaw Land Association, LimitedJames J. Simmons, Jr.,
1-906-932-3410Controller/Treasurer
Keweenaw Land Association (PK) (USOTC:KEWL)
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