Mountain China Resorts (Holding) Limited announced consolidated financial results for the first quarter ended March 31, 2018. For the quarter, the company's total revenue was CAD 5,460,000 compared to CAD 9,895,000 for the same period a year ago. Major reason for the decrease in revenue was that in the debt settlement carried out in the second quarter of 2017, the company sold 4 subsidiaries to one of its creditors. Operating profit from continuing operations was CAD 444,000 compared to CAD 1,936,000 for the same period a year ago. Profit from continuing operation was CAD 3,552,000 compared to CAD 662,000 for the same period a year ago. Resort operations EBITDA from continuing operations for 2018 were CAD 1.22 million compared to CAD 3.85 million last year. Net profit was CAD 3,522,000 compared to CAD 662,000 for the same period a year ago.