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KING CITY, Ontario, May 02, 2022 (GLOBE NEWSWIRE) —
Consolidated Financial Highlights (unaudited)
(in thousands of dollars except per share amounts) |
Three months ended | ||
March 31, 2022 |
March 31, 2021 |
||
Net earnings (loss) | (1,093) | 455 | |
Basic and diluted earnings (loss) per share | (0.04) | 0.02 |
Operating Data
Three months ended | ||
March 31, 2022 |
March 31, 2021 |
|
Canadian Full Privilege Golf Members | 15,302 | 14,814 |
Championship rounds – Canada | – | – |
18-hole equivalent championship golf courses – Canada | 37.5 | 39.5 |
18-hole equivalent managed championship golf courses – Canada | 2.0 | 1.0 |
Championship rounds – US | 112,000 | 93,000 |
18-hole equivalent championship golf courses – US | 8.0 | 8.0 |
The following is an analysis of net earnings (loss):
For the three months ended | |||||||
(thousands of Canadian dollars) | March 31, 2022 |
March 31, 2021 | |||||
Operating revenue | $ | 37,932 | $ | 14,109 | |||
Direct operating expenses (1) | 32,954 | 16,366 | |||||
Net operating income (loss) (1) | 4,978 | (2,257 | ) | ||||
Amortization of membership fees | 939 | 958 | |||||
Depreciation and amortization | (4,424 | ) | (4,755 | ) | |||
Interest, net and investment income | 276 | (436 | ) | ||||
Other items | (2,570 | ) |
Full story available on Benzinga.com
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