Golf clubs operator TWC Q2 net earnings jump
Overview
The owner and operator of golf clubs posts a surge in Q2 net earnings due to unrealized gain on investments
TWC Enterprises' operating revenue dips 1% due to decline in Highland Gate home cost of sales , expenses fall 10.8%
Deer Creek acquisition boosts Canadian golf revenue, operating income
Result Drivers
INVESTMENT GAINS - Unrealized gain on Automotive Properties REIT significantly boosts net earnings
DEER CREEK ACQUISITION - Acquisition contributes to increased Canadian golf revenue and operating income
REAL ESTATE IMPACT - Decline in home sales reduces operating revenue by 1%
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Operating Revenue | C$61.56 mln | ||
Q2 Net Income | C$21.48 mln | ||
Q2 Basic EPS | C$0.88 | ||
Q2 Direct Operating Expenses | C$47.33 mln | ||
Q2 Operating Income | C$14.23 mln |
Press Release:
