Last C$0.01 CAD
Change Today 0.00 / 0.00%
Volume 0.0
MCG On Other Exchanges
Symbol
Exchange
Venture
Frankfurt
As of 3:51 PM 07/8/14 All times are local (Market data is delayed by at least 15 minutes).

mountain china resorts hldg (MCG) Snapshot

Open
C$0.01
Previous Close
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Day High
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Day Low
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52 Week High
11/22/13 - C$0.12
52 Week Low
10/16/13 - C$0.01
Market Cap
3.5M
Average Volume 10 Days
1.7K
EPS TTM
C$-0.08
Shares Outstanding
348.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for MOUNTAIN CHINA RESORTS HLDG (MCG)

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mountain china resorts hldg (MCG) Details

Melco China Resorts (Holding) Limited develops and operates ski resorts in China. Its portfolio includes Sun Mountain Yabuli, Sky Mountain Beidahu, The Lotus Mountain Club, Adventure Mountain Changchun, and Star Mountain Beijing resort properties in Beijing, Heilongjiang Province, and Jilin Province. The company offers a range of accommodations, including full-service hotels, condominium-hotels, and luxury resort homes. Melco China Resorts (Holding) Limited is based in Beijing, China.

mountain china resorts hldg (MCG) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$61.5K
Compensation as of Fiscal Year 2012.

mountain china resorts hldg (MCG) Key Developments

Mountain China Resorts Holdings Limited Reports Earnings Results for the First Quarter Ended March 31, 2014

Mountain China Resorts Holdings Limited reported earnings results for the first quarter ended March 31, 2014. For the period, the company reported net loss of CAD 3,022,000 or CAD 0.01 per basic and diluted share on revenue of CAD 7,173,000 against net loss of CAD 3,391,000 or CAD 0.01 per basic and diluted share on revenue of CAD 5,250,000 a year ago. Operating loss was CAD 230,000 compared to CAD 1,151,000 a year ago.

Mountain China Resorts Holdings Limited Announces Consolidated Earnings Results for the Full Year Ended December 31, 2013

Mountain China Resorts Holdings Limited announced consolidated earnings results for the full year ended December 31, 2013. For the period, the company reported revenues of CAD 8,852,000 compared with CAD 9,453,000 for the same period a year ago. Operating loss was CAD 12,324,000 compared with CAD 8,635,000 for the same period a year ago. Net loss was CAD 44,073,000 or CAD 0.14 per basic and diluted share compared with CAD 17,852,000 or CAD 0.06 per basic and diluted share for the same period a year ago. Free cash flow was CAD 8,293,000 compared with CAD 9,080,000 for the same period a year ago. The increase of the net loss was due to the impairment loss of CAD 22.80 million on the properties under construction (villas) that was recorded as of December 31, 2013 as the company decided to temporarily cease investment in further construction and finalization of the villas. The company reported decreased revenue in fiscal year 2013 and the decrease in the revenue was resulted from unfavorable political policies issued by Chinese central government in 2013 aimed at cutting budgets and tightening up spending on government and business reception and entertainment activities. However management believes that the downturn of 2013 operations compared to 2012 was only a temporary situation.

Mountain China Resorts (Holding) Limited Announces Executive Appointments

Mountain China Resorts (Holding) Limited announced that it has appointed Mr. Gang Han, who was previously serving as the company's Chief Financial Officer, as its Chief Executive Officer. The former Chief Executive Officer of the company, Mr. Zhenhua Mao, will remain as the company's Chairman of the Board and a director. Furthermore, the company announced that it has appointed Mr. Yang Shi as its Chief Financial Officer. Mr. Shi has been a manager of Asset Management Division of China Chengxin Investment Company Limited for over 14 years.

 

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