A&B Reports 2nd Quarter 2002 Earnings of $13.2 Million; Quarter-To-Quarter Improvement in 2002.

Business Wire › July 17, 2002

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A&B Reports 2nd Quarter 2002 Earnings of $13.2 Million; Quarter-To-Quarter Improvement in 2002.

Business Editors

Alexander & Baldwin, Inc. (Nasdaq:ALEX) today reported second quarter 2002 net income of $13,197,000, or $0.32 per share. Net income in the second quarter of 2001 was $24,514,000, or $0.61 per share, including a one-time gain of $0.23 per share on the sale of marketable bank securities. Revenue in the second quarter of 2002 was $279,185,000, compared with revenue of $293,012,000 in the second quarter of 2001.

Net income for the first half of 2002 was $23,004,000, or $0.56 per share. For the first half of 2001, the Company reported net income of $46,948,000, or $1.16 per share. Revenue in the first half of 2002 was $512,9...

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