Vail Resorts Incorporated is reporting that skier visits rose by more than eight percent in the third quarter but net income dipped because of real estate-associated costs.
For the quarter that ended April 30th, Vail Resorts had net income of almost 59 (m) million dollars -- or a dollar and 61 cents per share. That's down from almost 63 (m) million dollars in net income -- or one dollar and 77 cents per share -- in the third quarter of 2004.
Overall revenue was up 13-point-five percent to almost 328 (m) million dollars.
The results reflects a one-point-six (m) million dollar asset impairment charge associated with its subsidiary, RockResorts.
The company owns resorts at Vail, Breckenridge, Keystone and Beaver Creek in Colorado and Heavenly in Lake Tahoe, California.
Summit County was a big beneficiary of higher skier numbers this season.
Breckenridge's numbers were up five percent, setting a record with almost one-point-five million skier days.
Keystone was up eight percent and logged about one million visitors.
Copper Mountain hasn't released its numbers yet but spokesman Ben Friedland said it was one of resort's best years ever.
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