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A&B review finds it earned $64.5M in 2014
Alexander & Baldwin Inc. finished an extended review of deferred income taxes and filed a financial report Monday showing that it earned $64.5 million in net income last year, up from $34.8 million the year before.
Honolulu-based A&B reported other financial figures, including revenue and income before taxes, on March 3. At that time A&B said it was not reporting net income because it needed more time to review deferred income tax accounts.
The annual report filed with the U.S. Securities and Exchange Commission indicated that A&B’s profit in 2014 was the highest in at least five years when splitting out contributions of its former subsidiary Matson Navigation Co., which was part of A&B until mid-2012.
A&B’s profit without Matson was $18.8 million in 2012, $21.7 million in 2011 and $33.1 in 2010.
ON THE MOVE
Ballet Hawaii has announced the appointment of Kenji Stevens as the new executive director. He served in various positions for the Honolulu and Hawai‘i symphony orchestras for the past 20 years and was previously general manager for one of the state’s oldest nonprofit organizations.
Queen Liliuokalani Trust has announced Michael Shibata as their development manager. He will be responsible for development activities in the trust’s real estate holdings with a focus on the trust’s Keahuolu master planning efforts in Kailua-Kona. Shibata was previously vice president/project manager for Stanford Carr Development. He also served as an associate/planner at PBR Hawaii & Associates.
Honolulu HomeLoans has announced that Jessica Rocho Nagatani is vice president of recruiting and business development manager. She will assist in developing training programs, recruit new and experienced loan originators as well as contribute to the growth of individual loan originators and the company as a whole. Nagatani has more than 10 years in the industry, including previously serving as a loan originator at Stearns Home Loans as well as a top producer for Compass Home Loans in Hawaii.