Kaanapali Land, LLC Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 12, 2021 at 10:09 am EST
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Kaanapali Land, LLC reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 0.811 million compared to USD 0.511 million a year ago. Revenue was USD 0.884 million compared to USD 0.534 million a year ago. Net loss was USD 0.608 million compared to USD 0.711 million a year ago. Basic loss per share from continuing operations was USD 0.33 compared to USD 0.39 a year ago.
For the nine months, sales was USD 2.52 million compared to USD 2.13 million a year ago. Revenue was USD 2.68 million compared to USD 2.31 million a year ago. Net loss was USD 4.58 million compared to USD 2.43 million a year ago. Basic loss per share from continuing operations was USD 2.48 compared to USD 1.32 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 
