December 23, 2010 / 2:33 PM / 7 years ago

Resort revenue slides at Whistler Blackcomb

* Net loss of C$6.1 mln vs year-ago net loss of C$6.6 mln

* Resort revenues lower in post-Olympics year

TORONTO, Dec 23 (Reuters) - Whistler Blackcomb said quarterly operating profit and revenue from its ski resort, the largest in North America, slid from a year ago, when it was preparing to host the Olympic Winter Games.

Whistler Blackcomb Holdings Inc WB.TO said late on Wednesday that its net loss for the fourth quarter ended on Sept. 30 narrowed to C$6.1 million ($6 million) from C$6.6 million a year earlier. The company, which debuted on Toronto Stock Exchange last month, did not give per-share figures.

Revenue rose 43.3 percent to C$35.3 million, mainly because of real estate sales.

Resort revenue fell 2.8 percent to C$22.8 million, largely due to the closure of the Olympic Winter Games store, which generated C$700,000 in sales in the year-earlier quarter.

Operating profit for the resort segment was C$40,000, compared with C$1.7 million a year earlier, when the Olympics store was open.

Whistler Blackcomb said the lowering operating profit was also due to higher incentive costs and expenses from its bike park and winter season preparations.

Chief Operating Officer Dave Brownlie said the resort was “off to a solid start this year,” and that infrastructure improvements for the 2010 Olympic and Paralympic Winter Games would be an ongoing benefit.

Whistler Blackcomb is seeing strong Christmas holiday bookings and robust customer demand for season passes, he added.

Whistler Blackcomb reported its results after Wednesday’s market close. Its shares closed at C$12.20 on the Toronto Stock Exchange, up 20 Canadian cents from where they were priced in the initial public offering on Nov. 9.

$1=$1.01 Canadian Reporting by John McCrank; Editing by Lisa Von Ahn

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