TBA Entertainment Posts Record 1998 Results
4th Quarter & Year-end Earnings Exceed Analysts' Expectations
biz.yahoo.com
Revenues up 324%
The company reported record fiscal 1998 revenues, adjusted for discontinued operations, of $27,272,700, up 324% from $6,437,100 for 1997. EBITDA from continuing operations (defined as net income from continuing operations plus equity income and depreciation and amortization, less net interest income and plus net interest expense) rose to $2,214,700 from a loss of $78,200 for the prior year. Net income from continuing operations increased to $1,490,100 in 1998 from a loss of $380,100 in 1997. Diluted earnings per share from continuing operations were $.18, as compared to a loss of $.06 for the prior year.
Including discontinued operations, net income rose 564% to $2,671,000 for 1998, compared to $402,300 for 1997. Diluted earnings per share, including discontinued operations, were up 433% to $.32 in 1998 versus $.06 the year prior.
Regards,
Bill Fortune III
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