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Sales Up 23 Percent at BFS

15 Jul, 2002 By: Hive News


BFS Entertainment & Multimedia Limited today reported sales for the fiscal year were $8,502,166 compared to $6,906,617 for the previous fiscal year, an increase of 23 percent.

"I am very pleased with our performance during the past fiscal year with sales increasing by 23 percent and net earnings by 78 percent,” said Denis B.E. Donnelly, president and CEO. “We will continue to focus and expand our profitable core business by broadening our range of titles while we look for compatible companies that can be acquired and will fit our existing business model."

For the fiscal year, operating earnings before interest, income taxes and amortization (EBITDA) were $2,003,943 or $0.25 per share, compared to $1,485,007 or $0.18 per share for the prior fiscal year, an increase of 35 percent. Net earnings for the fiscal year were $541,722 or $0.07 per share, compared to $304,857 or $0.04 per share for the previous fiscal year, an increase of 78 percent.

BFS, of Richmond Hill, Ontario, Canada, manufactures, markets and distributes VHS and DVD under the BFS Video and American Home Treasures video labels.BFS Entertainment & Multimedia Limited today reported sales for the fiscal year were $8,502,166 compared to $6,906,617 for the previous fiscal year, an increase of 23 percent.

"I am very pleased with our performance during the past fiscal year with sales increasing by 23 percent and net earnings by 78 percent,” said Denis B.E. Donnelly, president and CEO. “We will continue to focus and expand our profitable core business by broadening our range of titles while we look for compatible companies that can be acquired and will fit our existing business model."

For the fiscal year, operating earnings before interest, income taxes and amortization (EBITDA) were $2,003,943 or $0.25 per share, compared to $1,485,007 or $0.18 per share for the prior fiscal year, an increase of 35 percent. Net earnings for the fiscal year were $541,722 or $0.07 per share, compared to $304,857 or $0.04 per share for the previous fiscal year, an increase of 78 percent.

BFS, of Richmond Hill, Ontario, Canada, manufactures, markets and distributes VHS and DVD under the BFS Video and American Home Treasures video labels.

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