Thunderbird Resorts Inc.: October 2013 Revenue Report / Share Buyback Program Update
08 Novembro 2013 - 4:44PM
Thunderbird Resorts Inc. / Thunderbird Resorts Inc.: October
2013 Revenue Report / Share Buyback Program Update . Ad hoc
announcement according to § 15 WpHG. Processed and transmitted by
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content of this announcement.
PANAMA, REPUBLIC OF PANAMA--(Marketwired - Nov 8,
2013) - Thunderbird Resorts Inc. ("Thunderbird" or "Group")
(FRANKFURT: 4TR)(EURONEXT: TBIRD) reports the following revenues
for October 2013. For a more detailed analysis of October 2013
revenue, please visit www.thunderbirdresorts.com and click on
"October 2013 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) |
|
October
2013 |
|
October
2012 |
|
Year-over-year
increase/(decrease) |
|
Peru(2) |
|
$ |
2.65 |
|
$ |
2.66 |
|
-0.38 |
% |
Costa Rica(3) |
|
|
1.11 |
|
|
1.13 |
|
-1.77 |
% |
Nicaragua |
|
|
1.26 |
|
|
1.15 |
|
9.57 |
% |
Total Consolidated Operating
Revenues |
|
$ |
5.02 |
|
$ |
4.94 |
|
1.62 |
% |
(1) Revenues reported are based on monthly average
exchange rates, report same store revenues and are in USD
millions.
(2) 2013 and 2012 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.
SHARE BUYBACK PROGRAM UPDATE
On October 31, 2013, Thunderbird issued an update
pertaining to its share buyback program. It reported that 49,833
shares were purchased between October 24, 2013 and October 31,
2013; however, the correct number of shares purchased during that
timeframe was actually 49,133.
Between November 1, 2013 and November 8, 2013,
Thunderbird purchased approximately 18,000 of its own freely
tradable shares on the NYSE Euronext at an average price of
approximately USD $0.95 per share. The purchases were pursuant to a
share buyback program announced by Thunderbird on August 30,
2013.
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.
CONTACT
INFORMATION
Contacts:
Thunderbird Resorts Inc.
Peter LeSar
Chief Financial Officer
(507) 223-1234
plesar@thunderbirdresorts.com
www.thunderbirdresorts.com
This
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information contained therein.
Source: Thunderbird Resorts Inc. via Thomson Reuters
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