ILX Resorts reported its fourth quarter revenues and income on Tuesday, Feb. 19.
Headquartered in Phoenix, the company is a major employer in Sedona and operates Los Abrigados Lodge, Los Abrigados Resort & Spa, The Inn at Los Abrigados and Bell Rock Inn & Suites.
Revenue for the three months ended Dec. 31, was $12.7-million compared with $13.3 million for the same period in 2006.
Income for the current quarter was $104,255, down $65,859 from last year’s income of $170,114.
On a per-share basis, income for the three months was $0.03 in the period just ended compared with $0.05 per share last year.
According to the company’s filing with the Securities & Exchange Commission, the reason for the decrease in revenues was due to closing of its Rancho Manana sales office in June.
“During the fourth quarter, we began to achieve higher sales volume per tour guest from the Sedona sales office, as a result of changes implemented in the fourth quarter,” said Joe Martori, chairman and CEO of ILX Resorts.
Whole year financial statements are not yet available from the corporation.
ILX Resorts acquires, develops and operates timeshares in Sedona, Prescott, Tucson, Pinetop, Cave Creek, Los Vegas, Indiana, Colorado and San Carlos, Mexico.
— Susan Johnson
Larson Newspapers
ILX’s fourth-quarter revenues drop
ILX Resorts reported its fourth quarter revenues and income on Tuesday, Feb. 19.
Headquartered in Phoenix, the company is a major employer in Sedona and operates Los Abrigados Lodge, Los Abrigados Resort & Spa, The Inn at Los Abrigados and Bell Rock Inn & Suites.
Revenue for the three months ended Dec. 31, was $12.7-million compared with $13.3 million for the same period in 2006.
Income for the current quarter was $104,255, down $65,859 from last year’s income of $170,114.
On a per-share basis, income for the three months was $0.03 in the period just ended compared with $0.05 per share last year.
According to the company’s filing with the Securities & Exchange Commission, the reason for the decrease in revenues was due to closing of its Rancho Manana sales office in June.
“During the fourth quarter, we began to achieve higher sales volume per tour guest from the Sedona sales office, as a result of changes implemented in the fourth quarter,” said Joe Martori, chairman and CEO of ILX Resorts.
Whole year financial statements are not yet available from the corporation.
ILX Resorts acquires, develops and operates timeshares in Sedona, Prescott, Tucson, Pinetop, Cave Creek, Los Vegas, Indiana, Colorado and San Carlos, Mexico.
— Susan Johnson
Larson Newspapers
