OGC remains in a strong financial position, despite heavy rainfall this year which has caused over 63 days of disruption, many of which fell on weekends. This has significantly affected on-course and mini golf income. Despite this, through careful cost control by OGC Board and Management, the team has reduced overheads by 13%, helping offset the lost revenue impact. As at the end of May, we are pleased to be 16% ahead of our budgeted net profit, with year-to-date profit sitting at $201,000.<\/p>\n
As part of the Board\u2019s financial strategy, loan repayments have been prioritised, with over $441,000 repaid so far this year and a planned additional $100,000 balloon payment scheduled for June. Member renewals remain solid, and we\u2019ve welcomed an above average number of new members in the past two months. With a stable cash position and strong financial management, we\u2019re well-placed heading into 2025\u201326 and remain focused on reinvesting in new equipment and further enhancing the quality of the course.<\/p>\n","protected":false},"excerpt":{"rendered":"
OGC remains in a strong financial position, despite heavy rainfall this year which has caused over 63 days of disruption, many of which fell on weekends. This has significantly affected on-course and mini golf income. Despite this, through careful cost control by OGC Board and Management, the team has reduced overheads by 13%, helping offset […]
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