Keweenaw Land Association, Limited Announces 2012 Third Quarter Earnings
Keweenaw Land Association, Limited Announces 2012 Third Quarter Earnings
IRONWOOD, Mich.--(BUSINESS WIRE)-- Keweenaw Land Association, Limited (Pink Sheets: KEWL) today reported timber sales of $2,644,039 for the third quarter ended September 30, 2012, compared to $3,070,164 from the same period in 2011. Income from other sources during the quarter totaled $61,830, compared to $302,732 in the third quarter of 2011. Net income from the quarter totaled $265,303, or $0.21 per share, versus $722,611, or $0.56 per share, in the third quarter of 2011. Keweenaw recognized year-to-date net income of $630,003, or $0.49 per share, versus $286,303 year-to-date in 2011, or $0.22 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 162,000 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 1,292,665 shares outstanding.
Keweenaw Land Association, Limited
James J. Simmons, Jr., Controller/Treasurer, 1-906-932-3410
KEYWORDS: United States North America Michigan
INDUSTRY KEYWORDS:
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