BUSINESS BRIEFS
Gas price cap down by 10¢
Advertiser Staff
Hawai'i's wholesale price cap for gasoline will drop 10 cents a gallon on Monday to $1.95 for regular on O'ahu, according to the state Public Utilities Commission.
That price excludes taxes and retail markup. The law caps wholesale prices, but retailers can still charge whatever prices they want.
CYANOTECH POSTS $294,000 LOSS
Cyanotech Corp. reported a net loss of $294,000, or 1 cent per share, for the quarter ending Dec. 31, compared with net income of $326,000, or 2 cents per share, for the same period a year earlier.
The Kona-based company is a world leader in producing nutrition and health products from microalgae. Sales for the third quarter of fiscal 2006 fell 27 percent to $2.3 million from a year earlier. Sales for the quarter were down 7 percent from the preceding quarter.
"Lower revenue for the third quarter resulted from reduced order levels of spirulina products and continued reduced demand for NatuRose in Japan aquaculture," said Gerald Cysewski, Cyanotech's chief executive officer. He said there was increased demand for other products, including BioAstin Natural Astaxanthin.
'O'O AWARDS CEREMONY MAY 5
The Native Hawaiian Chamber of Commerce will present its annual 'O'o awards at a dinner May 5 at the Hilton Hawaiian Village Tapa Ballroom.
Inaugurated in 1976, the 'O'o awards are presented to "outstanding Native Hawaiians who, through their talents, have made significant contributions to improve our communities and the status of Native Hawaiians," according to the NHCC.
HOURS EXTENDED FOR TAX SEASON
The state Department of Taxation has expanded its customer service hours for telephone calls.
From Wednesday to April 28, the phone lines will be open from 7 a.m. to 5:30 p.m. Monday through Friday, excluding state holidays.
On O'ahu, the number to call is 587-4242; Neighbor Island and Mainland taxpayers may call (800) 222-3229. Questions also can be e-mailed to taxpayer.service@hawaii.gov.
Correction: Information about the Native Hawaiian Chamber of Commerce's 'O'o awards dinner was incorrect in a previous version of these briefs.
