Stripe, Advent Offer Over $53 Billion to Acquire PayPal in Major Fintech Deal 
Arm Stock Falls After HSBC Downgrade, Citing Limited Near-Term AI Upside 
United Airlines Beats Q2 Earnings, Raises 2026 Profit Outlook Despite Higher Fuel Costs 
Apple Intelligence Cleared for China as Alibaba and Baidu AI Power iPhone Features 
BHP Q4 Iron Ore Output Rebounds as Copper Prices Boost Revenue 
SEB Q2 Profit Rises on Strong Lending, Record Fee Income, Announces New Share Buyback 
Uber to Acquire Delivery Hero in $14.8 Billion Deal to Expand Global Food Delivery Business 
Rio Tinto Reports Strong Q2 Iron Ore Sales, Maintains 2026 Production Outlook 
Nvidia Partners With Fanuc and Yaskawa to Accelerate AI Robotics in Japan 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Jamie Dimon Warns Anthropic's Mythos AI Poses National Security Risks 
SpaceX Stock Falls Below IPO Price as Investors Weigh Losses and Lockup Expiry 
Richemont Q1 Sales Beat Forecast as Cartier Demand Drives Strong Growth 
SK Hynix Stock Soars as AI Memory Demand Outlook Fuels Chip Rally 
xAI Sues Man for Allegedly Using Grok to Generate AI Child Abuse Deepfakes 
Alibaba Stock Jumps as China Approves Apple Intelligence Powered by Qwen AI 
ASML Raises 2026 Outlook as AI Chip Demand Lifts Q2 Earnings 
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
