Ford Takes $19.5 Billion Charge as EV Strategy Shifts Toward Hybrids 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
IRONWOOD, Mich., Jan. 26, 2016 -- Keweenaw Land Association, Limited (OTC Pink:KEWL) today announced fourth quarter earnings for the period ending December 31, 2015. The company reported net income of $320,523, or $0.25 per share, compared to $438,669, or $0.34 per share, in the fourth quarter of 2014. For 2015, Keweenaw recognized year-to-date net income of $1,155,839, or $0.89 per share, versus $855,860 year-to-date in 2014, or $0.66 a share, an increase of 35%. Keweenaw also reported timber sales of $3,088,864 for the quarter, up $81,669, or 3%, from the $3,007,195 that the company reported in the comparable period in 2014. Timber sales for the year were $11,283,793, versus $9,881,889 in 2014, up 14%.
EBITDA Timber Operations Income for the fourth quarter was $841,386, compared to $857,668 in the same period in 2014. For all of 2015, EBITDA Timber Operations Income was $2,686,387, up 37% over the $1,957,035 reported in 2014. Keweenaw began stating income in an EBITDA format (a non-GAAP measure of operating performance), in the second quarter of 2015. A comprehensive newsletter detailing operating results is available on the Company’s website at www.keweenaw.com.
About Keweenaw Land Association, Limited: Keweenaw is a forest products and land management company located in Ironwood, Michigan. Keweenaw has land holdings of approximately 168,000 surface acres and over 400,000 acres of mineral rights, located predominantly in the western Upper Peninsula of Michigan. Keweenaw shares trade in the OTC Markets under the Pink directory with 1,298,768 shares outstanding.
Contact: James J. Simmons, Jr., Controller/Treasurer, Keweenaw Land Association, Limited, 1-906-932-3410
