Whistler Blackcomb Holdings Inc., the company that owns Whistler-Blackcomb resort, cut its fiscal fourth quarter year-over-year loss in half.
The company reported a roughly $11 million loss for fiscal fourth quarter 2012 compared to a loss of about $26 million for the same quarter 2011. Yet its fiscal year ended with a profit of about $23 million
Whistler (TSX: WB) reported quarterly revenue of $27 million, and fiscal year revenue of $212 million.
Its reporting season pass and frequency card sales are up 4 percent from this time last year, and up 12 percent from the same time in 2011.
Whistler Blackcomb Holdings recently announced that it sold a 24 percent share of the company to KSL Capital Partners—the private equity firm that bought Squaw Valley in 2010.
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