Treble Cone ski field narrowed its loss in 2012 and reduced debt

Tue, 18 Jun 2013

By Tina Morrison June 18 (BusinessDesk) – Treble Cone Investments, which manages the South Island’s largest ski area near Wanaka, narrowed its loss in its latest financial year. The ski-field operator posted a $651,000 loss in the year ended Oct. 31, from a loss of $849,000 a year earlier, the Dunedin-based company said in accounts filed with the Companies Office. Treble Cone said reducing debt is its top priority and it paid down borrowings in the latest year. Revenue rose 0.6 percent to $5.4 million as the 2012 ski season started later tha...

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