BFS Entertainment & Multimedia Limited Announces Second Quarter Results
24 12월 2013 - 7:11AM
Marketwired Canada
BFS Entertainment & Multimedia Limited (TSX VENTURE:BFS) announces its unaudited
consolidated financial and operating results for the second quarter ended
November 2, 2013.
Sales for the first six months were $5,010,405 compared to $5,064,395 last year
and for the second quarter were $2,911,361 compared to $2,908,456 during the
same quarter last year. Net income for the first six months was $160,797 ($0.02
per share) compared to $141,947 ($0.02 per share) for the same period last year.
Net income for the second quarter was $114,370 ($0.02 per share) compared to
$100,018 ($0.01 per share) for the same quarter last year.
Denis B.E. Donnelly, President and CEO stated, "We are pleased to report a 13%
increase in net income compared to the same period last year, an increase to
$160,797 from $141,947."
FINANCIAL HIGHLIGHTS
Thirteen Thirteen Twenty-six Twenty-six
Weeks Weeks Weeks Weeks
(Unaudited and not reviewed Ended Ended Ended Ended
by an auditor - in Canadian Nov. 2, Nov. 3, Nov. 2, Nov. 3,
dollars) 2013 2012 2013 2012
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Sales $ 2,911,361 $ 2,908,456 $ 5,010,405 $ 5,064,395
Cost of goods sold 1,017,716 1,123,971 1,826,491 1,932,406
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Gross profit 1,893,645 1,784,485 3,183,914 3,131,989
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Selling and administrative
expenses 1,649,026 1,555,736 2,797,267 2,757,960
Amortization 73,171 76,438 136,619 148,702
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Income from operations 171,448 152,311 250,028 225,327
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Interest expense 11,456 10,659 23,628 21,909
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Net finance charges 11,456 10,659 23,628 21,909
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Income before income taxes 159,992 141,652 226,400 203,418
Income taxes expense 45,622 41,634 65,603 61,471
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Net income and comprehensive
income $ 114,370 $ 100,018 $ 160,797 $ 141,947
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Basic and diluted income per
share $ 0.02 $ 0.01 $ 0.02 $ 0.02
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BFS Entertainment & Multimedia Limited is a recognised independent North
American entertainment company focusing on the acquisition, distribution and
production of film and television media with head office in Toronto, Ontario.
Programming includes classic dramas, mystery, comedy, sports, documentaries and
health and wellness and is sold under the BFS, American Home Treasures and Bodhi
Lifestyle(TM) brands. North American retail distribution is through national
retailers, distributors, mail order companies and BFS' direct to consumer
division and e-commerce websites.
BFS' strategy is to continue to acquire new programming and to expand its
proprietary programme development, international distribution and direct to
consumer delivery, including electronic delivery and streaming.
(SEC Rule 12g exemption #82-4245)
FOR FURTHER INFORMATION PLEASE CONTACT:
BFS Entertainment & Multimedia Limited
John Grzybowski, MBA, CPA, CA
Chief Financial Officer
(905) 884-2323
(905) 884-8292 (FAX)
ir@bfsent.com
www.bfsent.com
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