Keweenaw Land Association, Limited Announces 2014 Fourth Quarter Earnings

IRONWOOD, Mich.--()--Keweenaw Land Association, Limited (KEWL: OTC Pink) today reported timber sales of $3,007,195 for the fourth quarter ended December 31, 2014, compared to $2,339,020 from the same period in 2013. Income from other sources during the quarter totaled $155,234, compared to $287,812 in the fourth quarter of 2013. Net income for the quarter totaled $438,669, or $0.34 per share, versus $292,453, or $0.23 per share, in the fourth quarter of 2013. Keweenaw recognized year-to-date net income of $855,860, or $0.66 per share, versus $706,142 year-to-date in 2013, or $0.55 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 1,297,206 shares outstanding.

Contacts

Keweenaw Land Association, Limited
James J. Simmons, Jr., 1-906-932-3410
Controller/Treasurer

Contacts

Keweenaw Land Association, Limited
James J. Simmons, Jr., 1-906-932-3410
Controller/Treasurer