The Company's hotel operations continue to be negatively impacted by the global health pandemic resulting in a very low occupancy rates and lower daily room rates. While the duration and magnitude of the impact on operations is not known, we do not anticipate a significant recovery until early 2022 at the earliest.
Revenue and income afrom the rental apartment operations remain stable and revenues from the development operations increased significantly from 2020 due to the sale of 81 condominium units in this quarter.
Three months ended | |||||
Revenue and earnings | 2021 | 2020 | |||
Total revenue and other income | $ | 117,277,126 | $ | 38,745,252 | |
Net earnings (loss) attributable to shareholders of the Company | $ | 6,331,468 | $ | (3,876,686) | |
Earnings (loss) per share (diluted and non-diluted) | $ | 0.19 | $ | (0.11) | |
Statements of Financial Position | |||||
Total assets | $ | 878,989,468 | $ | 973,493,565 | |
Total non-current liabilities | $ | 285,115,616 | $ | 260,243,086 | |
Dividends paid | $ | - | $ | - |
The above unaudited financial information, including comparative information, is expressed in Canadian dollars and has been prepared in accordance with International Financial Reporting Standards, using the same accounting policies and methods of application as described in notes 2 and 3 of the Company's audited consolidated financial statements for the years ended
SOURCE
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