Thunderbird Resorts Inc. reported consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, total revenues were $9,703,000 against $10,486,000 a year ago. Adjusted EBITDA was $907,000 against $947,000 a year ago. Loss for the period from continuing operations was $263,000 against $1,005,000 a year ago. Consolidated loss primarily is the result of higher Other gains related to the sale of the Office building in Panama that took place in March 2016. Net debt as at March 31, 2016 was $28,429,000 against $29,264,000 as at December 31, 2015.

The company reported unaudited consolidated revenue results for month of April 2016. For the month, total consolidated operating revenues were $3.50 million against $3.28 million a year ago.