BFS=Big Fat Sales12 Mar, 2002 By: Hive News
BFS Entertainment & Multimedia Limited reported a 56 percent increase in sales and a 130 percent increase in earnings per share for the third quarter ended Feb. 2.
"I am very pleased with these results and remain very optimistic about our future," said president and CEO Denis Donnelly. "I believe that BFS has the financial and operational capacity to continue to grow its video distribution business."
The Richmond Hill, Ontario-based company reported sales of $6,528,562 for the first nine months, compared to $5,161,257 during the same period last year, for an increase of 27 percent. Operating earnings were $1,684,469 ($0.21 per share) compared to $1,215,375 ($0.15 per share), a 39 percent increase over the same period last year. Net earnings for the first nine months were $784,466 ($0.10 per share) compared to $356,021 ($0.04 per share) for the same period last year, an increase of 120 percent.
Sales for the third quarter were $2,624,270 compared to $1,687,733 during the same quarter last year, representing an increase of 56 percent. Operating earnings were $696,465 ($0.09 per share) compared to $302,372 ($0.04 per share) for the same period last year, an increase of 130 percent. Net earnings for the third quarter were $402,591 ($0.05 per share) compared to $16,970 ($0 per share) for the same period last year.
BFS manufactures, markets and distributes entertainment home videos and DVDs for resale to retail and catalogues throughout North America, under the BFS Video and American Home Treasures video labels.