News - Q3 EarningsBased on the NR only, the company appears to have had an excellent quarter, with good revenue and great earnings. Pre-tax earnings were higher than any quarter in the past several years and eps is likely second best over that time horizon, coming in just shy of Q2's record level only because of higher taxation. I can't say more until the financials are out, but things look good so far.
And, the stock should now be trading ex-dividend.
Here is the main part of the NR:
BFS Entertainment earns $272,203 in Q3
2007-03-15 18:28 ET - News Release
Mr. Denis Donnelly reports
BFS ENTERTAINMENT & MULTIMEDIA LIMITED ANNOUNCES THIRD QUARTER RESULTS
BFS Entertainment & Multimedia Ltd. is releasing its consolidated financial and operating results for the third quarter ended Feb. 3, 2007.
Sales for the first nine months were $8,480,485 compared with $7,931,420 last year, a 7-per-cent increase. Net earnings for the first nine months were $697,119 (nine cents per share) compared with $386,361 (five cents per share) for the same period last year, an 80-per-cent increase.
Sales for the third quarter were $2,975,028 compared with $3,287,673 during the same quarter last year. Net earnings for the third quarter were $272,203 (four cents per share) compared with $249,669 (three cents per share) in the same quarter last year.
Denis B.E. Donnelly, president and chief executive officer, stated: "We are very satisfied with the first nine months sales and earnings and are excited with the prospects for our business. Our results have allowed us to recently declare a cash dividend to all common shareholders and BFS is now well positioned to pursue new initiatives and opportunities. We look forward to a successful year and future."
FINANCIAL HIGHLIGHTS
(unaudited)
39 39 13 13
weeks ended weeks ended weeks ended weeks ended
Feb. 3, Feb. 4, Feb. 3, Feb. 4,
2007 2006 2007 2006
Sales $ 8,480,485 $ 7,931,420 $ 2,975,028 $ 3,287,673
Earnings before
income taxes 1,099,117 631,860 447,232 392,867
Income taxes 401,998 245,499 175,029 143,198
Net earnings 697,119 386,361 272,203 249,669
Basic and diluted
earnings per share $ 0.09 $ 0.05 $ 0.04 $ 0.03