Sportscene Group Inc. announced unaudited consolidated earnings results for the first quarter ended November 25, 2012. For the quarter, the company reported consolidated EBITDA decreased by CAD 0.3 million to CAD 2.1 million due to the decline in other revenues and the lower average same-Cage sales resulting from the NHL lockout against CAD 2.45 million a year ago. The company has closed the first quarter with net earnings attributable to shareholders of CAD 0.6 million or CAD 0.15 per basic and diluted share, compared with CAD 1.0 million or CAD 0.24 per basic and diluted share for the corresponding period of the previous year. Revenues were CAD 22.46 million against CAD 23.61 million a year ago. Operating earnings were CAD 0.934 million against CAD 1.48 million a year ago. Earnings before income tax was CAD 0.868 million against CAD 1.36 million a year ago. Net cash from operating activities was CAD 0.699 million against CAD 2.42 million a year ago. Acquisitions of property, plant and equipment was CAD 1.72 million against CAD 2.14 million a year ago.

The company announced that during the third quarter of fiscal 2012, due to the challenging business environment and in light of the investment strategy implemented by Sportscene Group, the Board of Directors decided to temporarily suspend the dividend payment practice carried out over the previous years.

The company announced the appointment, effective January 28, 2013, of Josée Pépin as Vice-President, Finance of the company. After earning several years of experience with a major accounting firm, Ms. Pépin joined the company in 2008 as Manager, Accounting and Disclosure, a position she has skillfully held up to now. In addition to her current responsibilities including financial reporting, she will take over as part of her new duties the management of the company's financing and investment strategy in support of its development projects.