Sportscene Group Inc. reported unaudited consolidated earnings results for the thirteen weeks and twenty six weeks ended February 24, 2013. For the thirteen weeks, the company reported revenues of CAD 21,849,000 against CAD 19,243,000 a year ago. Earnings before interest, amortization and income taxes were CAD 2,073,000 against CAD 2,181,000 a year ago. Operating earnings was CAD 848,000 against CAD 1,137,000 a year ago. Earnings before income tax were CAD 602,000 against CAD 836,000 a year ago. Net earnings and comprehensive Income was CAD 431,000 or CAD 0.11 per basic and diluted share against CAD 626,000 or CAD 0.15 per basic and diluted share a year ago. Net cash from operating activities was CAD 965,000 compared to CAD 2,501,000 reported a year ago. Acquisitions of property, plant and equipment were CAD 2,176,000 compared to CAD 1,959,000 reported a year ago. Acquisitions of intangible assets were CAD 26,000 compared to CAD 5,000 reported a year ago. EBITDA posted a slight decline of CAD 0.1 million to stand at CAD 2.1 million.

For the twenty six weeks, the company reported revenues of CAD 44,305,000 against CAD 42,850,000 a year ago. Earnings before interest, amortization and income taxes were CAD 4,194,000 against CAD 4,634,000 a year ago. Operating earnings was CAD 1,782,000 against CAD 2,613,000 a year ago. Earnings before income tax were CAD 1,470,000 against CAD 2,192,000 a year ago. Net earnings and comprehensive income was CAD 1,068,000 or CAD 0.26 per basic and diluted share against CAD 1,615,000 or CAD 0.39 per basic and diluted share a year ago. Net cash from operating activities was CAD 1,664,000 compared to CAD 4,918,000 reported a year ago. Acquisitions of property, plant and equipment were CAD 3,899,000 compared to CAD 4,097,000 reported a year ago. Acquisitions of intangible assets were CAD 26,000 compared to CAD 223,000 reported a year ago. EBITDA totalled CAD 4.2 million down by CAD 0.4 million from the previous year. These decreases are mostly attributable to a less favourable sporting environment than the previous year in the hockey and boxing fields.

For 2013, The company expects results for the third quarter of the current fiscal year will be superior to those of the same period last year.