Iplayco Corporation Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2016; Provides Sales Guidance for Fourth Quarter Ending September 30, 2016
August 10, 2016 at 01:21 pm EDT
Share
Iplayco Corporation Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2016. For the quarter, sales increased by 4.6% to CAD 4,612,437 from CAD 4,410,462 in 2015. Net income amounted to CAD 98,610, or diluted net income per share of CAD 0.00, as compared to a net loss of CAD 50,134, or net loss per share of CAD 0.00, 2015.
For nine months, sales decreased by 3.5% to CAD 11,535,440 from CAD 11,958,559 for 2015. The net loss amounted to CAD 609,369, or net loss per share of CAD 0.03 as compared to net income of CAD 300,653, or diluted net income per share of CAD 0.02, for 2015.
These orders have significantly increased sales backlog, and the company is therefore anticipating a significant increase in sales for the fourth quarter ending September 30, 2016 as compared to third quarter.
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. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2016; Provides Sales Guidance for Fourth Quarter Ending September 30, 2016