KING CITY, Ontario, March 01, 2024 (GLOBE NEWSWIRE) —
Consolidated Financial Highlights
(in thousands of dollars except per share
amounts)
Three months ended
Year ended
December 31, 2023
December 31, 2022
December 31, 2023
December 31, 2022
Net earnings
$
4,289
$
4,245
$
22,042
$
18,666
Basic and diluted earnings per share
$
0.18
$
0.17
$
0.90
$
0.76
Operating Data
Three months ended
Year ended
December 31, 2023
December 31, 2022
December 31, 2023
December 31, 2022
Canadian Full Privilege Golf Members
15,256
15,417
Championship rounds – Canada
129,000
150,000
1,087,000
1,177,000
18-hole equivalent championship golf courses – Canada
35.5
37.5
18-hole equivalent managed championship golf courses – Canada
2.0
2.0
Championship rounds – U.S.
52,000
70,000
254,000
269,000
18-hole equivalent championship golf courses – U.S.
6.5
8.0
The following is an analysis of net earnings:
Year Ended
Year Ended
(thousands of Canadian dollars)
December 31, 2023
December 31, 2022
Operating revenue
$
225,865
$
186,512
Direct operating expenses (1)
185,804
137,936
Net operating income (1)
40,061
48,576