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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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