Net income for the quarter increased nearly 80% to $279,700, or4 cents per share, from $155,500, or 2 cents per share, for thesame quarter last year. According to the company, this is the 15thconsecutive quarter BAB earned a net profit.
For the six months ended May 31, 2005, BAB had revenues of $2.65million and net income of $382,700, or 5 cents per share, versusrevenues of $2.88 million and net income $212,000, or 3 cents pershare for the same period in 2004.
Total operating costs for the quarter ended May 31, 2005, were$1.16 million or 80% of revenues, versus $1.27 million, or 88.4% in2004. Year-to-date total operating costs were $2.25 million or84.8% of revenues, versus $2.63 million or 91.3% in 2004.
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