SeaMiles, Any Cruise Line...Any Time, Announces Second Quarter Results
August 27 2009 - 12:30PM
Marketwired
SeaMiles Limited (the "Company") (TSX VENTURE: SEE), North
America's premier cruise loyalty provider, today announced second
quarter results for the period ended June 30, 2009.
For the 2009 second quarter, the Company reported revenue of
$3,071,798 compared to $2,721,520 in 2008, a 13% increase, due to
the increased strength in the U.S. dollar. For the quarter ended
June 30, 2009, the Company reported a net loss from continuing
operations of ($100,408) or ($0.01) per share versus net income
from continuing operations of $102,495 or $0.01 per share in 2008.
Net loss for the second quarter in 2009 was ($100,408) or ($0.01)
per share compared to net income of $409,217 or $0.04 in 2008.
For the six months ended June 30, 2009, the Company reported
revenue of $6,266,392, an increase of 18% compared to $5,295,763
last year, as a result of the strengthening U.S. dollar. SeaMiles
had income from continuing operations of $188,485 or $0.02 per
share compared to income from continuing operations of $47,201 or
$0.00 per share in the previous year. Net income for the 6 months
ended June 30, 2009 was $188,485 or $0.02 per share compared to
$305,020 or $0.03 per share last year.
"Our 2009 second quarter results reflect increased costs
relative to the Carnival(SM) Sea MilesĀ® MasterCardĀ® program, with
revenue remaining consistent year-overyear. SeaMiles is now well
positioned to maximize all opportunities during the upcoming winter
season. Based on Any Cruise Line...Any Time, our cruise loyalty
program offers cruisers total choice and flexibility at the time of
point redemption which is unique within the marketplace" said Peter
Rooney, President.
ABOUT SEAMILES LIMITED
SeaMiles is North America's premier cruise loyalty provider,
committed to recognizing and rewarding the cruiser through multiple
earning opportunities and best-in-class, maximum award flexibility
based on "Any Cruise Line...Any Time". Additional information can
be found at www.seamiles.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: SeaMiles Limited Peter Rooney President (416) 398-1555
Ext. 442 peter.rooney@seamiles.com SeaMiles Limited Steven Wise
Chairman and CEO (416) 631-3400 steven@seamiles.com
Intellectual Capital Group Ltd. (TSXV:SEE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Intellectual Capital Group Ltd. (TSXV:SEE)
Historical Stock Chart
From Jul 2023 to Jul 2024