Pope Resources (POPE) Posts Mixed Q4 Results
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Pope Resources Reports Fourth Quarter Income of $2.2 Million
February 12, 2016 9:15 AM ESTPOULSBO, Wash., Feb. 12, 2016 /PRNewswire/ -- Pope Resources (NASDAQ: POPE) reported net income attributable to unitholders of $2.2 million, or $0.51 per ownership unit, on revenue of $22.0 million for the quarter ended December 31, 2015. This compares to net loss attributable to unitholders of $3.2 million, or $0.75 per ownership unit, on revenue of $17.4 million for the comparable period in 2014. The fourth quarter 2014 results include a $10.0 million increase in the environmental remediation liability for the former industrial site at Port Gamble, Washington. Excluding this charge, adjusted net income for the fourth quarter of 2014 was $6.8 million, or $1.58 per ownership... More
