The Ontario ski and golf resort's revenue reached a 42-year high in January.
Mishorim Development Ltd. (TASE:MSHR) reports that its Horseshoe Valley ski and golf resort in Ontario achieved C$3 million revenue in January, the highest revenue in 42 years. Mishorim added that the resort will achieve a net operating income of $5 million in 2009, up from the previous guidance of C$4.1 million made a year ago.
Mishorim owns 68% of Skyline International Development Inc., the Canadian joint venture that owns the Horseshoe Valley resort, with Israel Land Development Company (TASE: ILDC) owning the rest.
Published by Globes [online], Israel business news - www.globes-online.com - on February 10, 2009
© Copyright of Globes Publisher Itonut (1983) Ltd. 2009