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Hilo, Hawaii News, Sports, & Information Friday, December 19, 2014



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Posted: Friday, March 29th, 2013 9:12 AM HST

Re-branded Hilo macnut company posts 4th quarter profit

By Ken Hupp - 67AM KPUA News

Macadamia nut producer Royal Hawaiian Orchards LP says $1 million in startup costs to launch 12 new products in November left the Hilo-based company with a $10,000 profit in the fourth quarter and a $499,000 loss for the year. The state's largest macadamia nut grower said this week that it expects its new flavored
snack products to be in approximately 5,000 stores in Hawai`i and the western U.S. by the end of 2013. CEO Dennis Simonis said the former ML Macadamia Orchards is shifting its business from nut-in-shell bulk sales to retail branded sales due to better
margins, more price stability and the opportunity to increase shareholder value.



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