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BKN Announces Record Earnings and Share Buy-back Program

BKN International AG (BKN), a global animation company engaged in the distribution and marketing of animated children’s television programs and related consumer products, today reported financial results for the year ended September 30, 2005.

For the year, Net Income increased 154 percent to EUR 4.3 million, compared with EUR 1.7 million in 2004; while Earnings Per Share increased 116 percent to EUR 0.28, compared with EUR 0.13 per share in 2004.

The company also announced a share buy-back program whereby it intends to acquire up to 500,000 of its own shares for various purposes during the next 12 months.

[Source: CCNMatthews]

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