Maui Land & Pineapple posts 2Q profit - Hawaii News Now - KGMB and KHNL

Maui Land & Pineapple posts 2Q profit

(Image: Hawaii News Now/file) (Image: Hawaii News Now/file)

LAHAINA, Hawaii (AP) - Maui Land & Pineapple Co. (MLP) on Wednesday reported second-quarter net income of $13.4 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Lahaina, Hawaii-based company said it had net income of 71 cents.

The real estate company posted revenue of $18 million in the period.

Maui Land & Pineapple shares have climbed 16 percent since the beginning of the year. The stock has increased 22 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MLP at http://www.zacks.com/ap/MLP

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