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Iplayco swings to profit in fiscal Q3

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Iplayco swings to profit in fiscal Q3

Iplayco Corp. Ltd. said its normalized net income for the fiscal third quarter ended June 30 came to C$93,390, compared with a loss of C$28,280 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 2.0% from negative 0.6% in the year-earlier period.

Total revenue climbed on an annual basis to C$4.6 million from C$4.4 million, and total operating expenses rose from the prior-year period to C$4.6 million from C$4.4 million.

Reported net income came to C$98,610, or 0 cents per share, compared to a loss of C$50,130, or a loss of 0 cents per share, in the year-earlier period.