Business
Section Rouge Media reduces its loss for its third quarter
LONGUEUIL, QC, Nov. 28 /CNW Telbec/ - -----------------------------------------------------------...
About this update from Falcon Energy Materials Plc
[{"type":"text","content":"\n\n\n\nLONGUEUIL, QC, Nov. 28 /CNW Telbec/ -\n\n\n-------------------------------------------------------------------------\nSUMMARY\n-------\n 30 SEPT. 2007 30 SEPT. 2006 30 SEPT. 2007 30 SEPT. 2006\n 3 months 3 months 9 months 9 months\n (unaudited) (unaudited) (unaudited) (unaudited)\n\nGROSS SALES $ 838,023 $ 975,178 $ 2,562,691 $ 2,799,429\nOPERATING COSTS $ 450,651 $ 502,310 $ 1,393,321 $ 1,505,228\nLOSS BEFORE\n TAXES $ (115,399) $ (301,848) $ (525,561) $ (272,309)\nNET GAIN (LOSS) $ (222,429) $ (249,586) $ (981,783) $ (306,649)\nGAIN (LOSS)\n PER SHARE $ (0.005) $ (0.006) $ (0.022) $ (0.011)\n-------------------------------------------------------------------------\n\n\nSECTION ROUGE MEDIA inc (TSX : SRO) reported a net loss of $22,429 for\nthe third quarter ended September 30, 2007. The Company's gross sales also\ndiminished from $975,178 in 2006 to $838,023 this year. These quarterly\nresults translate into a $0.005 per share loss .\n\n\nMeanwhile, the quarterly results demonstrate that even during a period of\nweak marketing of its publications, corporate administration successfully and\nsensibly reduced its sales, administration and financing costs from $774,716\nduring the same period in 2006 to $502,771 in this reporting quarter. The\nCompany having agreed to relinquish its televisual activities which failed to\nmeet expectations, $56,712 of the total net losses of $222,429 are\nattributable to the publications sector. Moreover, 58% of the losses\naccumulated in the 9 months of 2007 are attributable to its televisual sector,\nan area entered into by the Company during the summer of 2006.\n\n\n"Presently, we are concentrating our efforts in the completion of the\ntransaction announced last September 14th with Evolutra Corporation and\nsincerely believe that this transaction will, in short order, positively\naffect the Company's overall financial picture" declared Mr. Richard\nDesmarais, President and CEO of Section Rouge Media. Mr. Desmarais further\nstated that the Company is currently investigating an offer received to\npurchase certain of its magazines.\n\n\nThe growth stock exchange TSX has neight approved nor disapproved the\n\n\ncontents of this communique.\n\n\n%SEDAR: 00008697EF\n\n\n","length":2486,"tagName":"div"}]