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TBIRD Thunderbird Resorts Inc

0.0645
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Thunderbird Resorts Inc EU:TBIRD Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0645 0.062 0.069 0.00 01:00:00

Thunderbird Resorts Inc.: May 2015 Revenue Report

11/06/2015 7:20pm

GlobeNewswire


Thunderbird Resorts Inc. / Thunderbird Resorts Inc.: May 2015 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 11, 2015) - Thunderbird Resorts Inc. ("Thunderbird" or "Group") (EURONEXT:TBIRD)(FRANKFURT:4TR) reports the following revenues for May 2015. For a more detailed analysis of May 2015 revenue, please visit www.thunderbirdresorts.com and click on "May 2015 Revenue Report - Analysis" located on the home page under "News and Releases."

Group revenue for May 2015 vs. May 2014.

Group-wide sales by country - (unaudited, in millions)(1) May
2015
May
2014
  Year-over-year
increase/(decrease)
 
Peru(2) $ 2.42 $ 2.47   -2.02 %
Nicaragua   1.34   1.24   8.06 %
Total Consolidated Operating Revenues $ 3.76 $ 3.71   1.35 %
1Revenues reported are based on monthly average exchange rates, are same store and are in USD millions.
2Revenues 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 2014. Under a currency neutral analysis (in which the same exchange rate would be applied to both periods), Group revenue would have grown by $340 thousand or 9.94%; Peru revenue would have grown by $180 thousand or 8.04%; and Nicaragua revenue would have grown by $160 thousand or 13.56%.

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

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

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