Lingo Media Reports Second Quarter 2017 Results - Seite 3

Six Month Period Ended June 30	2017		2016
Revenue	$	1,666,892	$	2,306,255
Operating expenses		701,774		758,204
Income before amortization, share-based payments, depreciation, finance charges and taxes		965,118		1,548,051
Amortization, share-based payments and depreciation		635,204		475,465
Finance charges, taxes and foreign exchange		282,847		390,573
Total expenses		1,619,825		1,624,242
Net profit		47,067		682,013
Total comprehensive income	$	46,119	$	736,107
Earnings per share	$	0.00	$	0.02

• Income before amortization, share-based payments, depreciation, finance charges and taxes was $965,118
• Revenue for the six months ended June 30, 2017 totalled $1,666,892 compared to $2,306,255 for the same period in 2016
• Operating expenses for the six months ended June 30, 2017 totalled $701,774 as compared to $758,204 for the same period in 2016
• Net profit for the six months was $47,067

Balance Sheet as at June 30, 2017