Skyline Announces Improving Operational Results for Q1 : vim

Skyline Announces Improving Operational Results for Q1


All amounts in millions of Canadian dollars unless otherwise stated
Total revenue for Q1 2021 was $31.1, compared to $71.7 in Q1 2020. Revenue from hotels and resorts decreased by 32% to $28.2 due to timing of the impact of COVID-19, which did not have a material impact during the prior year quarter until the second half of March. During Q1 2021, local government restrictions impacted ski operations during the first half of the quarter, however both of the Company’s ski resorts experienced strong demand upon reopening. Revenue from the sale of residential real estate was $2.9 during Q1 2021, compared to $30.1 during Q1 2020, when the Company completed the sale of phases 2 and 3 of the Second Nature development project located near Blue Mountain.

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