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
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.