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

Press Release: ID:nGNX92BhbD