Keweenaw Land Association, Limited (OTC Pink: KEWL) today reported
timber sales of $3,125,665 for the third quarter ended September 30,
2014, up $428,542, or 16%, from the $2,697,123 that the company reported
in the comparable period in 2013. Net Income for the quarter totaled
$427,402, or $0.33 per share, versus $621,457, or $0.48 per share, in
the third quarter of 2013. Keweenaw recognized year-to-date net income
of $417,191, or $0.32 per share, versus $413,689 year-to-date in 2013,
or $0.32 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 1,295,533 shares outstanding.
Copyright Business Wire 2014