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ClubLink swings to $3M in Q2 profits

Golf

Published on August 4, 2010; Published on August 4, 2010
The Canadian Press ~ OBJ

Golf club operator ClubLink Enterprises Limited (TSX:CLK) reports its second quarter net profits rose to just under $3 million from about $2 million.

Topics :: ClubLink , Eagle Creek , Skagway, Alaska , Toronto , U.S.

The Toronto-area company, which also operates rail tourism and cruise ships businesses, said late Wednesday it earned 11 cents a share for the three months ended June 30, up from eight cents a share a year earlier.

Operating revenues fell to $57.3 million from just over $59 million, a drop of 2.9 per cent. The company said its cruise ship tourism operations in Alaska were squeezed by a new tourism tax in the U.S. state.

ClubLink is Canada's largest owner and operator of golf clubs with 41 full courses at 33 locations, primarily in Ontario and Quebec.

In the National Capital Region, ClubLink operates GreyHawk Golf Club, Kanata Golf and Country Club, Eagle Creek Golf Club and Hautes Plaines Golf Club.

The company also operates rail, tourism and port operations in Skagway, Alaska, which includes a railway that stretches 177 kilometres through British Columbia to Whitehorse, Yukon.

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