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COPYRIGHT 2006 Business Wire
TORONTO -- Fifty-Plus.Net International Inc. (TSX VENTURE:FPN) today announced the financial results for its second quarter ended December 31, 2005.
Net income for the second quarter ended December 31, 2005 was $43,456 compared to net income of $56,919 for the first quarter and $39,437 for the comparable quarter last year.
Revenues of $238,148 for the quarter were up $27,362 from revenues of $210,786 for the first quarter and $31,445 ahead of revenues of $206,703 for the comparable quarter last year. Increased advertising revenues of $35,290 for the quarter versus the comparable quarter last year were tempered by a reduction of $3,845 in other revenues, primarily in commissions received from one major customer.
Expenses for the quarter were $194,692 compared to $153,857 for the first quarter and $167,266 for the comparable quarter last year. This increase...
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