Gamehost reports eight per cent increase in earnings

Gamehost Inc. (TSX:GH) has reported an eight per cent increase in earnings for its third quarter. The Red Deer-based company — which owns Boomtown Casino in Fort McMurray; the Great Northern Casino, Service Plus Inns & Suites and a strip mall in Grande Prairie; and a 91 per cent interest in Calgary’s Deerfoot Inn & Casino Inc. — generated $4.2 million in profit and comprehensive income during the three months ended Sept. 30. That was up from $3.9 million for the same period in 2011.

Gamehost Inc. (TSX:GH) has reported an eight per cent increase in earnings for its third quarter.

The Red Deer-based company — which owns Boomtown Casino in Fort McMurray; the Great Northern Casino, Service Plus Inns & Suites and a strip mall in Grande Prairie; and a 91 per cent interest in Calgary’s Deerfoot Inn & Casino Inc. — generated $4.2 million in profit and comprehensive income during the three months ended Sept. 30. That was up from $3.9 million for the same period in 2011.

The company’s operating revenue for the most recent quarter was $18.8 million, up nearly seven per cent from $17.6 million a year earlier. Basic earnings per share for the quarter were 17.4 cents, up from 17 cents.

The company noted in a release that its third quarter is usually much slower than its second quarter, because it includes the summer vacation season. On average, third quarter revenues are five per cent lower, it said, but this year the drop-off was only about two per cent.

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