The Maui News - Despite the recent downward trends of Hawai‘i’s economy, on July 25, Alexander & Baldwin Inc. reported quarterly profits of $29.6 million. Net income for the first half of 2008 was $71.7 million, and total revenue for the first half was $1,045 billion—both increases over the same period last year. A&B, which is based in Honolulu, owns Maui subsidiaries such as A&B Properties, Matson Navigation, East Maui Irrigation and Hawai‘i Commercial & Sugar. Matson earned the most for the quarter, bringing in more than $37 million in profit, even with historic fuel increases and volume decreases. After the news was released, A&B stock traded at more than double its average volume on the NASDAQ exchange. For more information, visit www.alexanderbaldwin.com.