BFS Entertainment & Multimedia Limited Announces First Quarter Results.RICHMOND HILL, Ontario Richmond Hill (2006 population 162,704) is a town in York Region north of Toronto, Ontario, Canada. It is part of the Greater Toronto Area. History The area was first surveyed by Lieutenant-Governor John Graves Simcoe in 1794 while he was constructing Yonge Street. -- BFS BFS Bundesamt Für Statistik BfS Bundesamt für Strahlenschutz (German: federal office for radiation protection) BFS Bowling for Soup (band) BFS Bankable Feasibility Study BFS British Fertility Society Entertainment & Multimedia Limited of Richmond Hill, Ontario, announced its unaudited consolidated financial and operating results for the first quarter ended July 31, 2004. Sales for the quarter were $1,808,892 compared to $1,463,720 during the same quarter last year, representing an increase of 24%.Operating earnings Operating Earnings Profits after subtracting expenses such as marketing, cost of goods sold, administration and general operating costs from revenue. Notes: Tax and interest expenses are not subtracted - operating earnings are synonymous with EBIT (earnings before were $117,913 compared to $224,242 last year. Loss before income taxes was $63,180 compared to a loss before income taxes of $113,558 in the same period last year.Net loss for the quarter was $41,991 ($0.01 per share) compared to net loss of $31,787 ($0.00 per share) in the same quarter last year.
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FINANCIAL HIGHLIGHTS (audited) Thirteen weeks ended
July 31, 2004 August 2, 2003
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Sales $ 1,808,892 $ 1,463,720
Operating earnings (EBITDA)(1) 117,913 224,242
Loss before income taxes (63,180) (113,558)
Income taxes recovered (21,189) (81,771)
Net loss (41,991) (31,787)
Net loss per share (0.01) (0.00)
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(1) BFS uses operating earnings (EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become ) to assess the operating performance of its business. Operating earnings (EBITDA) represents earnings before interest, income taxes and amortization. Operating earnings (EBITDA) do not have a standardized meaning prescribed by generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting and therefore, is unlikely to be comparable to operating earnings (EBITDA) as reported by other publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . BFS Entertainment & Multimedia Limited manufactures, markets and distributes under the BFS Video and American Home Treasures video labels, a wide range of entertainment home videos and DVD's for resale to retail and catalogues throughout North America. (SEC Rule 12g exemption #82-4245) BFS Entertainment & Multimedia Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BFS) |
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