Maui Land & Pineapple Company, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 05:01 pm EST
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Maui Land & Pineapple Company, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1.93 million compared to USD 2.33 million a year ago. Revenue was USD 2.1 million compared to USD 2.55 million a year ago. Net loss was USD 1.19 million compared to USD 0.124 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.01 a year ago.
For the nine months, sales was USD 6.25 million compared to USD 6.56 million a year ago. Revenue was USD 6.87 million compared to USD 18.79 million a year ago. Net loss was USD 3.67 million compared to net income of USD 9.78 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to basic earnings per share from continuing operations of USD 0.5 a year ago.
Maui Land & Pineapple Company, Inc. is engaged in planning, managing, developing, and selling, residential, resort, commercial, agricultural, and industrial real estate. The Companyâs segments include Land Development and sales, Leasing, and Resort Amenities. The Land Development and sales includes all land planning, entitlement, development, and sales activities of its landholdings on Maui. The Leasing segment operations include commercial, industrial, and agricultural leases of land and property, licensing of its registered trademarks and trade names, sales of potable and non-potable water in West and Upcountry Maui. The Resort Amenities segment is engaged in the operations of the Kapalua Club, a private, non-equity club providing its members special programs, access, and other privileges at certain amenities at the Kapalua Resort, including a 30,000 square foot full-service spa and fitness center as well as a private pool-side dining beach club.
MAUI LAND & PINEAPPLE COMPANY, INC. 
