Scottsdale, Ariz.-based Kahala Corp, an operator of five restaurant concepts, has posted earnings of US$250,548, US$0.01 a share, for its Q2 2002, compared to US$9,558, US($0.02) a share, during the Q2 2001. For the H1 2002, Kahala reported net income of US$367,867 or US$0.02 per share, compared to US$119,473, or US($0.04), year on year. The net loss per share, despite the positive earnings, for both the Q2 and H1 2001 was caused by dividends paid on the company's preferred stock during such periods of 2001.