Company News

Avalon Holdings Reports 4th-Quarter, Full-Year Loss

WARREN, Ohio – Avalon Holdings Corp., parent of the Avalon Resorts and Clubs Inc. and a provider of waste management services, Friday reported a net loss of $400,000, or 10 cents per common share, for the last quarter of 2016 and a full-year net loss of $100,000, or two cents a share.

This compares to a fourth-quarter 2015 net loss of $13.9 million, or five cents a share, and a full-year net loss in 2015 of $700,000, or 19 cents a share.

Avalon reported fourth-quarter net operating revenues of $15.6 million, compared to $13.9 million the same period in 2015.

For the full year, the company reported $61.4 million in revenues compared to revenues of $53.1 million in 2015.

Avalon provided no other information in its earnings release to identify how well or poorly its waste management and resorts sectors performed.

Published by The Business Journal, Youngstown, Ohio.