Hilo company
ML Macadamia Orchards' production in 2007 was 6.1 percent lower than in 2006, according to a filing with the Securities & Exchange Commission on Wednesday that detailed the productivity and acreage of each orchard.
The Hilo-based company said average yield per acre ranged from 2,489 pounds to 7,149 pounds and were as follows:
Keaau I
- Acres: 1,467
- Pounds produced, 2007: 5,308,632
- Average yield per acre, 2007: 3,619
- Average yield per acre, 2006: 4,530
Keaau II
- Acres: 220
- Pounds produced, 2007: 574,523
- Average yield per acre, 2007: 2,611
- Average yield per acre, 2006: 2,856
Keaau Lot 10
- Acres: 78
- Pounds produced, 2008: 194,127
- Average yield per acre, 2007: 2,489
- Average yield per acre, 2006: 3,589
Kau I
- Acres: 956
- Pounds produced, 2007: 5,464,841
- Average yield per acre, 2007: 5,716
- Average yield per acre, 2006: 5,590
Kau Green Shoe I
- Acres: 266
- Pounds produced, 2007: 1,901,545
- Average yield per acre, 2007: 7,149
- Average yield per acre, 2006: 7,461
Kau II
- Acres: 714
- Pounds produced, 2007: 4,163,501
- Average yield per acre, 2007: 5,831
- Average yield per acre, 2006: 5,487
Kau O
- Acres: 142
- Pounds produced, 2007: 807,589
- Average yield per acre, 2007: 5,687
- Average yield per acre, 2006: 4,958
Mauna Kea 715-716
- Acres: 21
- Pounds produced, 2007: 129,054
- Average yield per acre, 2007: 6,145
- Average yield per acre, 2006: 5,138
Mauna Kea
- •Acres: 326
- •Pounds produced, 2007: 1,350,278
- Average yield per acre, 2007: 4,142
- Average yield per acre, 2006: 4,852
Flowers that normally bloom in mid-to-late December did not develop until early February 2007 cash advance. This late development had a negative impact on the fall 2007 nut production and will affect spring 2008 production, the company said.
The company reported on March 17 that it lost $4 million or 53 cents per share on revenue of $11.3 million for the year ended Dec. 31, 2007.
Shares of ML Macadamia Orchards (NYSE: NUT) closed at $3.22 on Wednesday.