BFS Entertainment & Multimedia Limited Announces Third 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, (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BFS) Ontario announces its unaudited consolidated financial and operating results for the third quarter ended January 29, 2005. Sales for the first nine months were $6,478,816 compared to $6,156,219 last year. 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 $658,855 compared to $944,749 last year. Net earnings for the first nine months were $79,115 ($0.01 per share) compared to $173,511 ($0.02 per share) for the same period last year. Sales for the third quarter were $2,280,914 compared to $2,280,829 during the same quarter last year. Operating earnings were $358,617 compared to $241,613 last year. Net earnings for the third quarter were $114,796 ($0.01 per share) compared to $28,737 ($0.00 per share) in the same quarter last year. Denis Denis, king of Portugal: see Diniz. B.E. Donnelly, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. stated, "We are pleased to be able to maintain our gross margins, though the strength of the Canadian dollar continues to have a negative impact on our historical comparisons."
FINANCIAL HIGHLIGHTS
(unaudited) Thirty-nine Thirty-nine Thirteen Thirteen
Weeks Ended Weeks Ended Weeks Ended Weeks Ended
Jan. 29, Jan. 31, Jan. 29, Jan. 31,
2005 2004 2005 2004
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Sales $ 6,478,816 $ 6,156,219 $ 2,280,914 $ 2,280,829
Operating earnings
(EBITDA)(1) 658,855 944,749 358,617 241,613
Earnings before
income taxes 124,609 209,936 176,873 46,400
Income taxes 45,494 36,425 62,077 17,663
Net earnings 79,115 173,511 114,796 28,737
Basic and diluted
earnings per
share 0.01 0.02 0.01 0.00
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) represent 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, are unlikely to be comparable to operating earnings (EBITDA) as reported by other publicly traded companies. 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 DVDs for resale to retail and catalogues throughout North America. (SEC Rule 12g exemption #82-4245) BFS Entertainment & Multimedia Limited (TSX VENTURE:BFS) |
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