Hennessy Advisors, Inc. Annual Earnings Increase 37%
08 Dicembre 2006 - 7:01PM
PR Newswire (US)
NOVATO, Calif., Dec. 8 /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 $1.10 for the fiscal year
ended September 30, 2006, up from $0.80 in the prior fiscal year,
an increase of over 37%. Growth in income is primarily attributable
to increased mutual fund assets under management. Total mutual fund
assets increased by nearly 14%, growing to $2.06 billion at
September 30, 2006, compared to $1.81 billion at September 30,
2005. For the fiscal year ended September 30, 2006, income and
revenue each grew by more than 40%, compared to the prior fiscal
year. "I am very pleased to deliver double-digit growth in earnings
for the fourth consecutive year," said Mr. Hennessy. "Our strong
growth in revenue and income as compared to our growth in assets
reinforces the scalability of our business model," he added.
Hennessy Advisors, Inc. Financial Highlights Year to Year Twelve
Months Ended Sept. 30, Sept. 30, Fiscal Year 2006 2005 $ Change %
Change Total Revenue $16,933,730 $11,997,378 $4,936,352 41.1% Net
Income $4,403,385 $3,139,334 $1,264,051 40.3% Earnings per share
diluted $1.10 $0.80 $0.30 37.5% Weighted Average number of shares
outstanding 4,007,956 3,921,825 86,131 2.2% At Period Ending Sept.
30, Sept. 30, Date 2006 2005 $ Change % Change Mutual Fund Assets
Under Management $2,056,253,029 $1,807,472,160 $248,780,869 13.8%
Hennessy Advisors, Inc., located in Novato, CA, is a publicly
traded investment advisor to six no-load mutual funds. Each of the
Hennessy Funds employs a superb, time-tested stock selection
formula and is managed with unwavering discipline and consistency.
Hennessy Advisors serves clients with integrity, honesty and
candor, and fully discloses their strategies and performance.
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. The
funds' investment objectives, risks, charges and expenses must be
considered carefully before investing. The prospectus contains this
and other important information about the investment company, and
it may be obtained by calling 800-966-4354 or by visiting
http://www.hennessyfunds.com/. Please read it carefully before
investing. 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/Subscriber/ExpertProfile.aspx?ei=36873
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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