Thunderbird Resorts Inc.: January 2014 Revenue Report
February 05 2014 - 1:33PM
Thunderbird Resorts Inc. / Thunderbird Resorts Inc.: January
2014 Revenue Report . Processed and transmitted by NASDAQ OMX
Corporate Solutions. The issuer is solely responsible for the
content of this announcement.
PANAMA, REPUBLIC OF PANAMA--(Marketwired - Feb 5,
2014) - Thunderbird Resorts Inc. ("Thunderbird" or "Group")
(EURONEXT: TBIRD)(FRANKFURT: 4TR) reports the following revenues
for January 2014. For a more detailed analysis of January 2014
revenue, please visit www.thunderbirdresorts.com and click on
"January 2014 Revenue Report - Analysis" located on the home page
under "News and Press Releases".
Thunderbird Resorts Inc. - Group-wide sales
results by country (unaudited, in millions)[1] |
January
2014 |
January
2013 |
Year-over-year
increase/(decrease) |
Peru[2] |
$2.55 |
$2.57 |
-0.78% |
Costa Rica[3] |
1.13 |
1.26 |
-10.32% |
Nicaragua |
1.21 |
1.14 |
6.14% |
Total Consolidated Operating
Revenues |
$4.89 |
$4.97 |
-1.61% |
[1] Revenues reported are based on monthly average
exchange rates, report same store revenues and are in USD
millions.
[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 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
Chief Financial Officer
(507) 223-1234
plesar@thunderbirdresorts.com
www.thunderbirdresorts.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Thunderbird Resorts Inc. via Globenewswire
HUG#1759550
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