Kaanapali Land, LLC Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2021
August 12, 2021 at 07:34 pm
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Kaanapali Land, LLC announced earnings results for the second quarter and six months ended June 30, 2021. For the second quarter, the company announced total revenue was USD 988,000 compared to USD 771,000 a year ago. Net loss was USD 518,000 compared to USD 1,135,000 a year ago. Net loss per basic share was $0.23 against $0.54 a year ago.
For the half year, total revenue was USD 1.798 million compared to USD 1.771 million a year ago. Net loss was USD 4,222 million compared to USD 1,911 million a year ago. Net loss per basic share was $2.15 against $0.93 a year ago.
Kaanapali Land, LLC operates through two segments: Property and Agriculture. The Agriculture segment is primarily engaged in farming, harvesting and milling operations relating to coffee orchards pursuant to farming agreements with the LOA and a related entity. The Company also cultivates, harvests and sells bananas and citrus fruits and engages in certain ranching operations. The Property segment primarily develops land for sale and negotiates bulk sales of undeveloped land. The Property and Agriculture segments operate exclusively in the State of Hawaii. The Company's developable lands are located on the west side of the Island of Maui in the State of Hawaii. The majority of the developable lands are located near to the Kaanapali resort area. Its agricultural operations consist primarily of cultivation, milling and sale of coffee. The Company sells milled green coffee under the brand name Mauigrown Coffee mainly to interisland Hawaii customers.
KAANAPALI LAND, LLC 
