HMG/Courtland Properties Inc (HMG, Financial) filed Quarterly Report for the period ended 2012-06-30.
Hmg/courtland Properties has a market cap of $6.2 million; its shares were traded at around $6.11 with and P/S ratio of 0.6.
For the six months ended June 30, 2012 as compared with the same period in 2011, restaurant sales increased by approximately $61,000 (2%), with food sales increasing by $57,000 (or 3%) and beverage sales increasing $4,000 (or less than 1%).
For the three months ended June 30, 2012 as compared with the same period in 2011, restaurant sales increased by $3,000 (less than 1%), with food sales increasing by $14,000 (1%) and beverage sales decreasing $11,000 (2%).
Spa revenues for the three and six months ended June 30, 2012 as compared with the same period in 2011 increased by $21,000 (or 22%) and $30,000 (or 14%), respectively. This came at the expense of higher promotional costs which was the main reason Spa expenses for the three and six months ended June 30, 2012 as compared with the same period in 2011 increased by $18,000 (or 17%) and $40,000 (or 19%).
For the six months ended June 30, 2012, net cash provided by investing activities was approximately $382,000. This consisted primarily of approximately $700,000 in net proceeds from sales of marketable securities and distributions from other investment of $495,000. These sources of funds were partially offset by purchases of marketable securities of $513,000, contributions to other investments of $169,000 and additions to fixed assets of $127,000.
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Hmg/courtland Properties has a market cap of $6.2 million; its shares were traded at around $6.11 with and P/S ratio of 0.6.
Highlight of Business Operations:
Total revenues for the six months ended June 30, 2012 as compared with the same period in 2011, increased by approximately $142,000 or 3%. Total revenues for the three months ended June 30, 2012 as compared with the same period in 2011, increased by approximately $64,000 or 2%.For the six months ended June 30, 2012 as compared with the same period in 2011, restaurant sales increased by approximately $61,000 (2%), with food sales increasing by $57,000 (or 3%) and beverage sales increasing $4,000 (or less than 1%).
For the three months ended June 30, 2012 as compared with the same period in 2011, restaurant sales increased by $3,000 (less than 1%), with food sales increasing by $14,000 (1%) and beverage sales decreasing $11,000 (2%).
Spa revenues for the three and six months ended June 30, 2012 as compared with the same period in 2011 increased by $21,000 (or 22%) and $30,000 (or 14%), respectively. This came at the expense of higher promotional costs which was the main reason Spa expenses for the three and six months ended June 30, 2012 as compared with the same period in 2011 increased by $18,000 (or 17%) and $40,000 (or 19%).
For the six months ended June 30, 2012, net cash provided by investing activities was approximately $382,000. This consisted primarily of approximately $700,000 in net proceeds from sales of marketable securities and distributions from other investment of $495,000. These sources of funds were partially offset by purchases of marketable securities of $513,000, contributions to other investments of $169,000 and additions to fixed assets of $127,000.
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