07:43 AM EDT, 04/26/2024 (MT Newswires) -- TWC Enterprises ( CLKXF ) overnight Thursday reported a first-quarter net loss of $701,000, or $0.03 per share, narrowing from a loss of $8.1 million, or $0.33 per share, in the same quarter of the previous year.

The golf club operator reported a 147% increase in revenue to $65.3 million due to the revenue from 21 Highland Gate home sales, which didn't book any revenue a year ago.

The company declared a dividend of $0.075 per share, payable June 17 to shareholders of record as at May 31.

TWC's shares were little changed yesterday and closed at $17.50.