Maui Land & Pineapple posts 2Q profit

Maui Land & Pineapple posts 2Q profit

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.

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