Spackman Equities Group Reports Year End Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 05/01/13 -- Spackman Equities Group Inc. (the "Company" or "SEGI") (TSX VENTURE: SQG) today reported its financial results for the year ended December 31, 2012.
Revenue for the year ended December 31, 2012, was $6,234,000 compared to $53,000 in 2011, not including revenue of $397,000 from discontinued operations in 2011. The increase in revenue is primarily attributable to the commercial success of the film, All About My Wife, which was produced by SEGI's subsidiary ZIP Cinema Co., Ltd. All About My Wife became Korea's highest grossing romantic comedy of all time.
Net loss for the year was $914,000 or $0.007 per share compared with a net loss of $608,000 or $0.012 for fiscal 2011.
Earnings (loss) before interest, taxes, depreciation and amortization (EBITDA) for 2012 was ($308,000).
At December 31, 2012, SEGI had $6,745,000 million in cash, cash equivalents and marketable securities. There are 148,829,183 common shares outstanding.
EBITDA for 2012 was calculated by deducting from the loss for the year $606,000 for interest, income taxes, depreciation and amortization. EBITDA is not defined by International Financial Reporting Standards ("IFRS") and the Company's use of such term or measurement of such item may vary from that of other companies. The EBITDA calculation is provided as additional detail so that investors may have a better understanding of the significant events and transactions which have affected the Company's results.
The audited financial statements for the year ended December 31, 2012, and Management's Discussion and Analysis of the results, are posted on SEDAR at .
Highlights of Fiscal 2012
About Spackman Equities Group Inc.
Spackman Equities Group Inc. ("SEGI") is a diversified investment holding company that invests into and develops small/medium-sized growth companies that possess proprietary technologies or industry-specific know-how, primarily in Asia. SEGI also makes investments in selected publicly-traded companies that SEGI believes are attractive investment propositions. The objectives of SEGI are to (i) invest into or acquire businesses with compelling growth potential at attractive valuations, (ii) build a diversified and balanced portfolio of investments, and (iii) deliver the collective value derived from the performance of its portfolio of investments to the shareholders of SEGI. Currently, SEGI's holdings include:
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) has in any way approved or disapproved of the contents of this press release.
Contacts:
Spackman Equities Group Inc.
Thomas Chiu
Investor Relations
+852 3902 3287
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Datum: 01.05.2013 - 12:00 Uhr
Sprache: Deutsch
News-ID 254920
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