Honolulu Record, August 26, 1948, vol. 1 no. 4, p. 4
The Hawaiian Pineapple Co., made a net profit of $2,357,883 or $1.77 a share during the fiscal year ending May 31, it was reported by the company.
This figure compares with $1, 673,090 or $1.25 a share the company made during the preceding year.
The annual report of the company which gave the above financial figures stated that during the early 1930's about 98 per cent of all pineapple consumed in the United states was imported from Hawaii. By 1940 this was cut down to 80 percent with foreign producers supplying 20 per cent to mainland consumers.