Kaanapali Land, Llc Reports Earnings Results for the First Quarter Ended March 31, 2020
May 12, 2020 at 05:15 pm
Share
Kaanapali Land, LLC announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was USD 1.000 million compared to USD 736,000 a year ago. Net loss was USD 718,000 compared to USD 945,000 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 
