Maui Land & Pineapple reports Q4 and FY2021 results; net loss widens but revenues increase

MAUI LAND & PINEAPPLE CO INC

FY2021 net loss widened to $3.4M ($0.18/share) from $2.6M ($0.14/share) in FY2020.
FY2021 operating revenues rose to $12.4M, up from $7.5M in the prior year.
Comprehensive income for FY2021 reached $2.6M ($0.13/share), vs. a loss of $3.5M in FY2020.
Company completed pension lift-out of 384 participants (51% of plan) with a $4.3M non-cash settlement charge.
Anticipated sale of Kapalua Central Resort for $40M and Omaopio parcel for $9.7M, closing expected in early 2022.

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