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The Honolulu Advertiser
Posted on: Friday, August 15, 2008

Castle Group losses grow by $545,882

Advertiser Staff

The Honolulu-based parent of Castle Resorts & Hotels said its losses widened during the second quarter due to the sluggish local visitor industry.

Castle Group said it lost $545,882 during the three months ending June 30, 2008, which compares with a loss of $170,208 in the year-earlier period.

The loss came on revenues of $4.6 million, which was down 5 percent from $4.8 million in the second quarter of 2007.

Castle Resorts & Hotels manages 26 properties throughout Hawai'i, Micronesia, New Zealand and Thailand.