KAHULUI, Hawaii (AP) ¿ Maui Land & Pineapple Co. said Friday it lost more in the third quarter than a year ago even as revenue rose by 39 percent due to a big loss on the value of real estate holdings.

The company is engaged in a variety of businesses including selling pineapples, operating golf resorts, rental vacation rentals and real estate development and brokerage services, as well as water and garbage services. It is based in Kahului, Hawaii.

Maui Land lost $25.5 million, or $3.17 per share, in the quarter that ended Sept. 30. That compares with a year-earlier loss of $8.7 million, or $1.09 per share.

Revenue rose to $26.7 million from $19.1 million.

Maui Land also said it recorded a $22.8 million loss on its equity holding in Kapalua Bay Holdings LLC, compared with a $5.1 million gain on the property in the year-earlier quarter.

Shares fell 11 cents to $6.14 on Friday.

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