ClubLink Corporation Announces Results for the Second Quarter of 1997.KING CITY, Ontario--(BUSINESS WIRE)--Aug. 6, 1997--(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). LNK LNK Love and Kisses LNK Lincoln, NE, USA - Municipal Airport (Airport Code) LNK Laisvas Nepriklausomas Kanalas (Lithuanian TV) LNK Linkcentre (website) . ) ClubLink Corporation announced today second quarter and year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. results. Revenue for the second quarter ended June June: see month. 30, 1997 was $8,997,937 up 44 percent over $6,256,039 recorded during the same period in 1996. Income before depreciation, interest and taxes was up 20 percent to $2,145,666 for the three months ended June 30, 1997 compared to $1,794,133 for the second quarter in 1996. Net income was $989,642 or $0.09 per share for the second quarter of 1997 compared to $459,173 or $0.06 per share in 1996. Revenue for the six month period ended June 30, 1997 was $11,944,803 up 32 percent over $9,072,684 recorded during the same period in 1996. Income before depreciation, interest and taxes was $3,094,171 for the year-to-date ended June 30, 1997 versus $2,844,189 for the comparable 1996 period. Net income was $1,044,522 or $0.09 per share compared to a loss of $71,671 or $0.02 per share for the six months of 1997 and 1996, respectively. Cash provided by operating activities before changes in non-cash working capital was $2,493,594 or $0.25 per share in the six months ended June 30, 1997 up from $1,535,055 or $0.21 per share recorded in the comparable period in 1996.
3 Months 6 Months
(000's) 1997 1996 1997 1996
Revenue $ 8,998 $ 6,256 $ 11,945 $ 9,073
Net income (loss) 990 459 1,045 (72)
Cash flow from
operations 1,740 1,238 2,494 1,585
Earnings per share 0.09 0.06 0.09 (0.02)
Cash flow per share 0.17 0.16 0.25 0.21
ClubLink's proposed 45-hole RattleSnake Point Rattlesnake Point may refer to:
period, period of time, time period - an amount of time; "a time period of 30 years"; "hastened the period of time of his recovery"; "Picasso's blue period" 1997. Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. Simmonds, ClubLink's President & Chief Executive Officer, stated, "There is a strong market for a high quality private golf facility in the currently underserved corporate and residential areas of Mississauga and Oakville. The strength of this location and the ClubLink concept is evidenced by the sale of 57 memberships in the pre-marketing period to date, with new members enjoying interim playing privileges at other ClubLink facilities pending the anticipated opening of Rattlesnake rattlesnake, poisonous New World snake of the pit viper family, distinguished by a rattle at the end of the tail. The head is triangular, being widened at the base. The rattle is a series of dried, hollow segments of skin, which, when shaken, make a whirring sound. in June 1999." ClubLink currently owns and operates ten high quality golf clubs in Southern Ontario and is developing residential accommodation adjacent to several of its properties. CONTACT: ClubLink Corporation Mr. Bruce S. Simmonds, 905/ 841-3730 905/ 841-7033 (FAX) or ClubLink Corporation Mr. Kim S. Robinson, 905/ 841-3730 905/ 841-7033 (FAX) |
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