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.
Copyright Business Wire 2013