Thunderbird Resorts, Inc. Announces Unaudited and Audited Consolidated Earnings Results for the Six Months Ended June 30, 2018
September 30, 2018 at 02:34 pm EDT
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Thunderbird Resorts, Inc. announced unaudited and audited consolidated earnings results for the six months ended June 30, 2018. For the period, on unaudited basis, the company reported total revenue of $9,011,000 against $8,841,000 for the same period a year ago. Operating loss was $542,000 compared to $39,000 for the same period a year ago. Loss before tax was $2,125,000 compared to $1,419,000 for the same period a year ago. Loss for the year from continuing operations was $2,322,000 compared to $1,561,000 for the same period a year ago. Profit for the year was $15,210,000 compared to loss for the year of $1,296,000 for the same period a year ago. Net cash used in operating activities was $2,752,000 compared to $4,660,000 for the same period a year ago. Expenditure on property, plant and equipment amounted to $521,000 compared to $410,000 for the same period a year ago. Adjusted EBITDA was $673,000 compared to $938,000 for the same period a year ago. Net debt as on June 30, 2018 was $12,865,000.
For the period, on audited basis, the company reported total comprehensive income for the year of $14,122,000 against total comprehensive loss for the year of $1,326,000 for the same period a year ago. Gain for the year attributable to owners of the parent was $15,076,000 compared to loss for the year attributable to owners of the parent $1,665,000 for the same period a year ago. Basic and diluted loss per share from continuing operations was $0.09 compared to $0.08 for the same period a year ago. Basic and diluted gain per share was $0.56 against loss of $0.07 a year ago.
Agility Real Estate Inc. (formerly Thunderbird Resorts Inc.) specializes in owning and operating integrated mid-sized and casino-attached tourist resorts, and in owning and operating stand-alone casinos in Latin America. Net sales break down by activity as follows:
- gaming operation (79.6%): owned, at the end of 2022, 6 gaming venues located in Nicaragua;
- food and beverage services (13%);
- hotel business (7.4%): operates an hotel located in Peru. The group is also developing a property management business.