Thunderbird Resorts Inc.: December 2014 Revenue Report
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Thunderbird Resorts Inc.: December 2014 Revenue Report
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PANAMA, REPUBLIC OF PANAMA--(Marketwired - Jan 8, 2015) - Thunderbird Resorts
Inc. ("Thunderbird" or "Group") (EURONEXT: TBIRD) (FRANKFURT: 4TR) reports the
following revenues for December 2014. For a more detailed analysis of December
2014 revenue, please visit www.thunderbirdresorts.com and click on "December
2014 Revenue Report - Analysis" located on the home page under "News and
Releases".
Group revenue on an as reported basis for December 2014 vs. December 2013.
Group-wide sales by country - as reported December December Year-over-year
(unaudited, in millions)(1) 2014 2013 increase/(decrease)
Peru(2) $2.53 $3.00 -15.67%
Costa Rica(3) 1.27 1.33 -4.51%
Nicaragua 1.21 1.31 -7.63%
Total Consolidated Operating Revenues $5.01 $5.64 -11.17%
Group revenue on a currency neutral basis for December 2014 vs. December 2013.
In this analysis, we apply the average exchange rate for December 2014 to the
2013 revenues in order to compare the two periods as if there was no impact from
foreign exchange whatsoever.
Group-wide sales by country - currency December December Year-over-year
neutral 2014 2013 increase/(decrease)
(unaudited, in millions)(1)
Peru(2) $2.53 $2.86 -11.54%
Costa Rica(3) 1.27 1.23 3.25%
Nicaragua 1.21 1.25 -3.20%
Total Consolidated Operating Revenues $5.01 $5.34 -6.18%
(1) Revenues reported are based on monthly average exchange rates, report same
store revenues and are in USD millions. From month to month, exchange rate
fluctuations could cause an impact on revenues as compared to the previous year.
(2) 2014 and 2013 revenues consist of all gaming revenue in the country plus
revenue from our fully-owned Fiesta Hotel and management fees for the
Thunderbird Hotel - Pardo, Thunderbird Hotel - Carrera and Thunderbird Hotel -
El Pueblo, which are owned by third parties.
(3) Effective January 1, 2013, IFRS 11 changed the way that joint ventures are
accounted for whereby proportional consolidation is no longer allowed and equity
accounting should be applied to joint ventures. Until further notice and for the
convenience of the reader and for the illustrative purposes of this monthly
revenue report, the Group has elected to continue to show the Costa Rican joint
venture proportional revenues, which vary from the way that the Group accounts
for these revenues in our Interim and Annual Financial Statements.
ABOUT THE COMPANY
We are an international provider of branded casino and hospitality services,
focused on markets in Latin America. Our mission is to "create extraordinary
experiences for our guests." Additional information about the Group is available
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.
Contact Information
Contacts:
Thunderbird Resorts Inc.
Peter LeSar
Chief Financial Officer
(507) 223-1234
plesar(at)thunderbirdresorts.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1885527]
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Datum: 08.01.2015 - 20:29 Uhr
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News-ID 363331
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