Bridges year-end results
The Bridges Initiatives Inc
BIT
Shares issued 8,496,250
1999-01-12 close $0.85
Wednesday Jan 13 1999
Mr. Doug Manning reports
The company's earnings are 11 cents per share based on the audited financial
statements for 1998, up from a loss of one cent per share in 1997. Revenues of
$3,014,000 represent a 177 per cent increase over 1997. Net earnings of
$944,000 after tax and amortization represent a million dollar increase over
1997's loss of $110,000.
STATEMENT OF EARNINGS
Year ended Nov. 30
1998 1997
Revenue $3,014,145 $1,308,036
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Expenses 1,790,920 1,070,822
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Income from
operations 1,223,225 237,214
Amortization 354,150 348,272
Interest income 17,426 810
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Income (loss)
before taxes 886,501 (110,248)
Income taxes (57,443) -
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Net earnings
(loss) $ 943,944 $ (110,248)
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