Keweenaw Land Association, Limited Announces 2013 Third Quarter Earnings

Keweenaw Land Association, Limited Announces 2013 Third Quarter Earnings

IRONWOOD, Mich.--(BUSINESS WIRE)-- Keweenaw Land Association, Limited (KEWL: OTC Pink) today reported timber sales of $2,697,123 for the third quarter ended September 30, 2013, up $53,084, or 2%, from the $2,644,039 that the company reported in the comparable period in 2012. Net Income for the quarter totaled $621,457, or $0.48 per share, versus $265,303, or $0.21 per share, in the third quarter of 2012. Keweenaw recognized year-to-date net income of $413,689, or $0.32 per share, versus $630,003 year-to-date in 2012, or $0.49 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 1,294,118 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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