Keweenaw Land Association, Limited announced 3Q earnings for the period ending September 30, 2017. The company reported net income of $79,693, or $0.06 per share, versus net income of $231,618, or $0.18 per share, in the 3Q 2016.
Keweenaw also reported timber sales of $3.5 million for the quarter, up $729,010, or 26%, from the $2.7 million that the company reported in the comparable period in 2016. Keweenaw also reported EBITDA Timber Operations income of $551,960 for the 3Q, up $93,458, or 20%, compared to $458,502 in the same period in 2016.
Keweenaw Land Association, Limited is a forest products and land management company located in Ironwood, Michigan. Keweenaw has land holdings of approximately 182,500 surface acres and over 400,000 acres of mineral rights, located predominantly in the western Upper Peninsula of Michigan.
