Thunderbird Resorts Inc.: November 2012 Revenue Report
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Thunderbird Resorts Inc.: November 2012 Revenue Report
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PANAMA, REPUBLIC OF PANAMA--(Marketwire - December 14, 2012) - Thunderbird
Resorts Inc. ("Thunderbird" or "Group") (FRANKFURT: 4TR)(EURONEXT: TBIRD)
reports the following revenues for November 2012. For a more detailed analysis
of November 2012 revenue, please visit www.thunderbirdresorts.com and click on
"November 2012 Revenue Report - Analysis" located on the home page under "News
and Press Releases".
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Thunderbird Resorts Inc. - Group-wide Year-over-year
sales results by country November November increase/
(unaudited in millions) 2012 2011 (decrease)
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Philippines 4.00 4.40 -9.09%
Peru 2.46 2.13 15.49%
Costa Rica 1.20 1.53 -21.57%
Nicaragua 1.06 0.95 11.58%
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Total Consolidated Revenues 8.72 9.01 -3.22%
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-- Philippines revenues in November 2012 decreased by 9.09% over November
2011. Revenues for November year-to-date were $45.62 million as compared
to $47.40 million through November 2011, a year-to-date decrease of
$1.78 million. A key factor hurting Philippines revenue is a prolonged
road closure experienced at our Rizal property from August through
November due to the typhoons and flooding in August. This road opened in
mid-November.
-- Peru revenues in November 2012 increased by 15.49% over November 2011.
Revenues for November year-to-date were $26.33 million as compared to
$25.74 million through November 2011, a year-to-date increase of $0.59
million.
-- Costa Rica revenues in November 2012 decreased by 21.57% over November
2011. Revenues for November year-to-date were $14.83 million as compared
to $17.90 million through November 2011, a year-to-date decrease of
$3.07 million. Key factors hurting Costa Rica revenues are the smoking
ban imposed in Q2 2012, road construction work leading to certain of our
properties and construction work in our Fiesta Presidente Casino. Both
the highway construction work and our Fiesta Presidente Casino
construction work are being completed in December. There was a slight
increase in revenue for November 2012 over October 2012 of $70 thousand.
-- Nicaragua revenues in November 2012 increased by 11.58% over November
2011. Revenues for November year-to-date were $11.42 million as compared
to $11.21 million through November 2011, a year-to-date increase of
$0.21 million.
Note: Revenues reported year-to-date are based on year-to-date average exchange
rates and report same store revenues. All revenue figures in this press release
are expressed in US dollars.
ABOUT THE COMPANY
We are an international provider of branded casino and hospitality services,
focused on markets in Asia and Latin America. Our mission is to "create
extraordinary experiences for our guests." Additional information about the
Group is available on its Website at www.thunderbirdresorts.com.
Cautionary Notice: This release contains certain forward-looking statements
within the meaning of the securities laws and regulations of various
international, federal, and state jurisdictions. All statements, other than
statements of historical fact, included herein, including without limitation,
statements regarding potential revenue and future plans and objectives of the
Group are forward-looking statements that involve risk and uncertainties. There
can be no assurances that such statements will prove to be accurate and actual
results could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the
Group's forward-looking statements include competitive pressures, unfavorable
changes in regulatory structures, and general risks associated with business,
all of which are disclosed under the heading "Risk Factors" and elsewhere in the
Group's documents filed from time-to-time with the AFM and other regulatory
authorities.
Contacts:
Thunderbird Resorts Inc.
Peter LeSar
Interim CEO and President and Chief Financial Officer
(507) 223-1234
plesar(at)thunderbirdresorts.com
www.thunderbirdresorts.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thunderbird Resorts Inc. via Thomson Reuters ONE
[HUG#1665280]
Unternehmensinformation / Kurzprofil:
Datum: 14.12.2012 - 21:47 Uhr
Sprache: Deutsch
News-ID 213117
Anzahl Zeichen: 5946
contact information:
Town:
El Cangrejo, Apartado
Kategorie:
Business News
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