Maui Land & Pineapple Q2 net income $10.5M vs $1.9M; revenue triples to $14.0M

MAUI LAND & PINEAPPLE CO INC

Q2 2022 net income $10.5M ($0.54/share) vs $1.9M ($0.10/share) in Q2 2021.
Total operating revenues $14.0M in Q2 2022, up from $5.0M in Q2 2021.
Six-month 2022 net income $9.9M ($0.51/share) vs $0.9M ($0.05/share) for six-month 2021.
Completed sale of 646 acres in Upcountry Maui for $9.6M on May 20 and 50-acre parcel for $2.0M on June 30.
Operating revenues up 180% YoY, driven by land sales and resort operations.

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