Thunderbird Resorts Inc.: May 2016 Revenue Report
15 Juin 2016 - 07:14PM
Thunderbird Resorts Inc. / Thunderbird Resorts Inc.: May 2016
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 - Jun 15,
2016) - Thunderbird Resorts Inc.
("Thunderbird" or "Group") (EURONEXT:TBIRD)(FRANKFURT:4TR) reports
the following revenues for May 2016. For a more detailed analysis
of May 2016 revenue, please visit www.thunderbirdresorts.com and
click on "May 2016 Revenue Report - Analysis" located on the home
page under "News and Releases."
Group revenue for May 2016 vs. May 2015.
Group-wide sales by country - (unaudited, in millions)(1) |
May
2016 |
May
2015 |
Year-over-year
increase/(decrease) |
Peru(2) |
$2.10 |
$2.42 |
-13.22% |
Nicaragua |
1.19 |
1.34 |
-11.19% |
Total Consolidated Operating
Revenues |
$3.29 |
$3.76 |
-12.50% |
1
Revenues reported are based on monthly average exchange rates, are
same store and are in USD millions. |
|
2
Revenues are generated primarily from gaming, and secondarily from
our fully-owned Fiesta Hotel and from 2 hotels under
management. |
|
|
|
|
|
|
|
Important Note on Forex: The
strengthening of the US dollar versus our operating currencies
continues to have a material impact on our business as compared to
the same period in 2015. Under a currency neutral analysis (in
which the same exchange rate would be applied to both periods),
Group revenue would have reduced by $190 thousand or 5.46%; Peru
revenue would have decreased by $100 thousand or 4.55%; and
Nicaragua revenue would have reduced by $90 thousand or 7.03%.
ABOUT THE COMPANY
We are an international provider
of branded casino and hospitality services, focused on markets in
Latin America. The Company's home Member State is the Netherlands
where the shares are admitted to trading on the Euronext Amsterdam.
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.
Thunderbird Resorts Inc.
Peter LeSar
Chief Financial Officer
(507) 223-1234
plesar@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#2021006
--- End of Message ---
Thunderbird Resorts Inc.
Calle Alberto Navarro El Cangrejo, Apartado Panama, Republic of
Panama
Listed: Open Market (Freiverkehr) in Frankfurter
Wertpapierbörse;
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