Dolphin Cove Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
August 11, 2016
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Dolphin Cove Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported total operating revenue of JMD 274,096,425 against JMD 301,237,060 for the same period a year ago. Profit before taxation was JMD 173,112,941 against JMD 150,985,771 a year ago. Profit was JMD 159,451,410 against JMD 150,707,224 a year ago. Earnings per share after tax were JMD 0.40 against JMD 0.38 a year ago. Total revenue was JMD 488.0 million compared to JMD 475.2 million last year.
For the six months, the company reported total operating revenue of JMD 565,402,322 against total operating revenue of JMD 593,606,659 for the same period a year ago. Profit before taxation was JMD 368,991,120 against JMD 289,019,715 a year ago. Profit was JMD 344,883,095 against JMD 283,821,389 a year ago. Net cash provided by operating activities was JMD 293,629,768 against JMD 256,780,290 a year ago. Additions to property, plant and equipment was JMD 117,218,026 against JMD 46,857,278 a year ago. Additions to live assets were JMD 71,007,397 against JMD 27,827,132, a year ago. Net assets per share were JMD 7.48 as on June 30, 2016 against JMD 6.94 per share as at June 30, 2015. Capital expenditure was JMD 218 million. Earnings per share after tax were JMD 0.87 against JMD 0.72 per share a year ago. Total revenue was JMD 1,008 million compared to JMD 945.1 million last year.
Dolphin Cove Limited is a Jamaica-based company, which is engaged in the operation of marine parks and ancillary operations, such as adventure programs, restaurants, gift shops and photography at several locations in Jamaica. The Company's parks include Dolphin Cove Ocho Rios, Dolphin Cove Montego Bay, Moon Palace Jamaica, and Puerto Seco Beach. The Dolphin Cove Montego is located in A1 Highway in the northwest area. The Dolphin Cove Ocho Rios is located 4 km (2.5 mi) from the Cruise Terminal at Turtle Beach Road. The Dolphin Cove Puerto Seco is located in the Discovery Bay area. The Company's subsidiaries include Dolphin Cove (Negril) Limited, Too Cool Limited, Cheshire Hall Limited, Balmoral Dolphins Limited, and SB Holdings Limited.