Hennessy Advisors, Inc. Announces Third Quarter Earnings - Year-to-Date Earnings Increase 19%
03 Agosto 2005 - 12:59AM
PR Newswire (US)
NOVATO, Calif., Aug. 2 /PRNewswire-FirstCall/ -- Hennessy Advisors,
Inc. (OTC:HNNA) (BULLETIN BOARD: HNNA) Chief Executive Officer and
President, Neil Hennessy, today announced fully diluted earnings
per share for Hennessy Advisors, Inc. of $.31 for the third quarter
ended June 30, 2005. While earnings for this quarter were equal to
earnings in the prior comparable quarter, the diluted earnings per
share for the nine months ended June 30, 2005, were $.93, up from
$.78 in the prior comparable period, an increase of 19.2%. "The
financial markets have been quite volatile since January so we are
very pleased that we have been able to produce these strong
quarterly and year-to-date earnings for our shareholders," said Mr.
Hennessy. Hennessy Advisors, Inc. Financial Highlights Period to
Period Three Months Ended Second Quarter June 30, 2005 June 30,
2004 $ Change % Change Total Revenue $2,806,085 $2,601,735 $204,350
7.9% Net Income $800,895 $777,344 $23,551 3.0% Earnings per share
(diluted) $0.31 $0.31 $-- --% Weighted Average number of shares
outstanding 2,596,361 2,517,993 78,368 3.1% Nine Months Ended
Year-to-Date June 30, 2005 June 30, 2004 $ Change % Change Total
Revenue $8,318,023 $7,003,986 $1,314,037 18.8% Net Income
$2,407,944 $1,977,623 $430,321 21.8% Earnings per share (diluted)
$0.93 $0.78 $0.15 19.2% Weighted Average number of shares
outstanding 2,592,422 2,542,568 49,854 2.0% At Period Ending Date
June 30, 2005 June 30, 2004 $ Change % Change Mutual Fund Assets
Under Management $1,373,165,918 $1,284,719,759 $88,446,159 6.9%
Hennessy Advisors, Inc., located in Novato, CA, is a publicly
traded investment firm, whose principal business activity is
managing, servicing and marketing mutual funds. The Hennessy Funds
are no-load and utilize quantitative stock selection strategies.
Supplemental Information Nothing in this section shall be
considered a solicitation to buy or an offer to sell a security to
any person in any jurisdiction where such offer, solicitation,
purchase or sale would be unlawful under the securities laws of
such jurisdiction. Mutual fund investing involves risk; loss of
principal is possible. While the Hennessy Funds are no load,
management and distribution fees and other expenses apply. For more
complete information about the Hennessy Funds, including fees and
expenses, call 800-966-4354 to obtain a free prospectus. Read it
carefully before you invest or send money. The distributor for the
Hennessy Funds is Quasar Distributors, LLC. Available Topic
Expert(s): For information on the listed expert(s), click
appropriate link. Neil J. Hennessy
http://profnet.prnewswire.com/ud_public.jsp?userid=496838
DATASOURCE: Hennessy Advisors, Inc. CONTACT: Terry Nilsen of
Hennessy Advisors, Inc., +1-415-899-1555, or fax, +1-415-899-1559
Web site: http://www.hennessyadvisors.com/
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