ML Macadamia Orchards, L.P. Annual Report: Year Ended December 31, 2011

March 29, 2012

ML Macadamia Orchards, L.P. (OTCQX: NNUT.PK) reported revenues for its year ended December 31, 2011 increased 17.6% to $17.99 million compared to revenues of $15.3 million for the prior year.  Revenues in 2011 were positively impacted by a 32% increase in nut sales which was partially offset by a 39% decrease in farming revenues which represent a much smaller portion of total revenue.

Net income for 2011 was $712 thousand or $0.09 per unit versus a net loss of $1.49 million or $(0.20) per unit for 2010.  The return to profitability was primarily the result of higher gross profit margins and a partial recovery from a severe drought in the Ka’u region which improved production.

As of December 31, 2011, the balance sheet reflected current assets of $6.41 million, total assets of $57.04 million, current liabilities of $4.99 million and total liabilities of $14.51 million.  During 2011, total partners’ capital increased 1.1% to $42.54 million.

ML Macadamia Orchards, L.P. is a partnership engaged in the growing and farming of macadamia nuts in the State of Hawaii.

Source: ML Macadamia Orchards, L.P.


Print Friendly

Previous post:

Next post: