Devine Entertainment Reports Nine Months Results.TORONTO--(BUSINESS WIRE)--Nov. 25, 1998--Devine Entertainment Corporation (ToSE v. t. 1. To tease, or comb, as wool. :DVN DVN Digital Video Network (Internet2) DVN Digital Value Network DVN Diploma in Veterinary Nursing DVN Device Number ) today reported that revenues for the nine months ended September September: see month. 30, 1998 amounted to CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $835,058 as compared to CDN$1,792,513 recorded for the same period in 1997. The net loss for the first nine months of 1998 amounted to CDN$80,848 or CDN$0.01 per share, as compared to net income of CDN$344,102 or CDN$0.03 per share, for the first nine months of 1997. The company noted that revenues for the 1998 period were as expected inasmuch as in·as·much as conj. 1. Because of the fact that; since. 2. To the extent that; insofar as. inasmuch as conj 1. since; because 2. Devine's significant revenue sources stem primarily from the delivery of its films. Only one film, the final in The Inventors' Specials series, was delivered to HBO Hyperbaric oxygen therapy (HBO) A form of oxygen therapy in which the patient breathes oxygen in a pressurized chamber. Mentioned in: Ozone Therapy in the first quarter of 1998. The first two films in The Artists' Specials series are scheduled for delivery to HBO in the fourth quarter. Devine Devine can refer to: People
More information on the company's activities is available on the company's website: www.devine-ent.com. -0-
The Toronto Stock Exchange has neither approved nor disapproved
of the information contained herein.
DEVINE ENTERTAINMENT CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(in Canadian Dollars)
Nine months ended Sept 30,
1998 1997
---- ----
REVENUE $ 835,058 $ 1,792,513
INCOME (LOSS)(before income taxes) (143,848) 616,102
Income taxes (recovery) (63,000) 272,000
NET INCOME (LOSS) (80,848) 344,102
NET INCOME (LOSS) PER COMMON SHARE $ (O.O1) $ 0.03
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