With winter operations ended in March and summer operations to be started in July, second quarter has been the traditional slack season for MCR. For the quarter ended June 30, 2014, the Company generated revenues from resort operations of $0.001 million and a net loss of $2.12 million or $0.01 per share compared to revenue of $0.08 million and a net loss of $5.51 million or $0.02 per share in 2013.
The Baird/STR Hotel Stock Index reported a 5.4-percent increase to 3,689 in August and is up 16.1 percent year to date. The index ended 2013 at 3,177.
Pro forma total Adjusted EBITDA increased 13.1 percent to $106.0 million, and Pro forma Adjusted EBITDA margin increased 170 basis points
Net income attributable to ordinary shareholders was RMB 108.2 million (US$17.4 million) for the second quarter of 2014, compared with RMB 94.8 million in the same period a year ago. Adjusted net income attributable to ordinary shareholders (non-GAAP) increased 20.6% year over year to RMB 168.4 million (US$27.1 million).
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