businesspress24.com - BFS Entertainment & Multimedia Limited Announces Third Quarter Results
 

BFS Entertainment & Multimedia Limited Announces Third Quarter Results

ID: 1348232

(firmenpresse) - RICHMOND HILL, ONTARIO -- (Marketwired) -- 03/31/15 -- BFS Entertainment & Multimedia Limited (TSX VENTURE: BFS) of Richmond Hill, Ontario, announces its unaudited consolidated financial and operating results for the third quarter ended January 31, 2015.

Sales for the nine months were $6,628,064 compared to $7,901,784 last year and for the third quarter were $2,628,055 compared to $2,891,379 during the same quarter last year. Net loss for the nine months was $45,695 ($0.01 per share) compared to a net profit of $318,643 ($0.04 per share) for the same period last year. Net income for the third quarter was $101,852 ($0.01 per share) compared to $157,846 ($0.02 per share) for the same quarter last year.

Denis B.E. Donnelly, President and CEO stated, "We are pleased to have returned to profitability this quarter as we continue to reduce costs."

BFS Entertainment & Multimedia Limited is a recognised independent North American entertainment company focusing on the acquisition, distribution and production of film and television media. Programming includes classic dramas, mystery, comedy, sports, documentaries and health and wellness. North American retail distribution is through national retailers, distributors, mail order companies, Collectables Direct (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)



Contacts:
BFS Entertainment & Multimedia Limited
John Grzybowski, MBA, CPA, CA
Chief Financial Officer
(905) 884-2323
(905) 884-8292 (FAX)




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Bereitgestellt von Benutzer: Marketwired
Datum: 31.03.2015 - 16:31 Uhr
Sprache: Deutsch
News-ID 1348232
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Arts & Culture


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