Iplayco Corporation Ltd. Announces Consolidated Financial Results for the Second Quarter and Six Months Ended March 31, 2012; Provides Earnings Guidance for the Third Quarter Ending June 30, 2012
May 17, 2012 at 09:32 pm
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Iplayco Corporation Ltd. announced consolidated financial results for the second quarter and six months ended March 31, 2012. The company reported that consolidated sales increased by 109.3% for the three months ended March 31, 2012 to CAD 2,762,665 from CAD 1,319,650 for the three months ended March 31, 2011, with sales from its Manufacturing operations up 163.8% and sales from its Family Entertainment Centre operations down 4.7% in the 2012 second quarter as compared to 2011 second quarter. Net income was CAD 86,107, or diluted income per share of CAD 0.01, compared to a net loss of CAD 198,403, or loss per share of CAD 0.02, in second quarter of 2011.
Sales for the six months ended March 31, 2012 increased by 46.2% to CAD 4,546,993 from CAD 3,110,181 for the six months ended March 31, 2011. Net loss was CAD 58,749, or loss per share of CAD 0.01, compared to a net loss of CAD 595,532, or loss per share of CAD 0.06, for the same period a year ago.
The company is expecting moderate growth in sales and earnings for the three months ending June 30, 2012 as compared to second quarter of 2012 due to its robust sales backlog.
Iplayco Corporation Ltd. is engaged in designing and supplying of indoor playgrounds for children. The Company operates in two segments: Manufacturing of play structures for children, from its production plants in Langley, British Columbia, Canada and Subic Bay, Philippines (Manufacturing), and Operating a family entertainment center in Langley, British Columbia, Canada (Family Entertainment Centre). Its indoor soft-play park for Billy Beez is a family entertainment center of approximately 2,316.79 square meters located in the Mall of Dhahran, Al Khobar, Saudi Arabia. The Company, through International Play Company Inc., offers both the individual air blower-based ballistics system/arena and the compressor powered pneumatic set-up. Its play products include Indoor Play, Air Trek, Ballistics Play, Theming, Outdoor Play, Outdoor Installs and Indoor Installs. Its ballistics arenas are all custom designed and include multiple levels, targets, ball fountains, ball dumps and ball movers.
Iplayco Corporation Ltd. Announces Consolidated Financial Results for the Second Quarter and Six Months Ended March 31, 2012; Provides Earnings Guidance for the Third Quarter Ending June 30, 2012