Hennessy Advisors, Inc. Quarterly Earnings Increase 26%
25 Gennaio 2007 - 11:37PM
PR Newswire (US)
NOVATO, Calif., Jan. 25 /PRNewswire-FirstCall/ -- Hennessy
Advisors, Inc. (OTC:HNNA) (BULLETIN BOARD: HNNA) President and
Chief Executive Officer, Neil Hennessy, today announced fully
diluted earnings per share for Hennessy Advisors, Inc. of $0.29 for
the three months ended December 31, 2006, up from $0.23 in the
prior comparable period, an increase of over 26%. Growth in income
is primarily attributable to increased mutual fund assets under
management. Total mutual fund assets increased by 11%, growing to
$2.03 billion at December 31, 2006, compared to $1.83 billion at
December 31, 2005. For the three months ended December 31, 2006,
income increased almost 27% and revenue grew at more than 19%,
compared to the prior comparable period. "We are pleased to deliver
another strong increase in quarterly earnings to our shareholders,"
said Mr. Hennessy. "Our primary objective remains to grow our
assets under management, and we are committed to managing the
company in the best interest of our shareholders," he added.
Hennessy Advisors, Inc. Financial Highlights Period to Period Three
Months Ended First Quarter Dec. 31, 2006 Dec. 31, 2005 $ Change %
Change Total Revenue $4,386,913 $3,683,100 $703,813 19.1% Net
Income $1,134,713 $895,027 $239,686 26.8% Earnings per share
diluted $0.29 $0.23 $0.06 26.1% Weighted Average number of shares
outstanding 3,957,044 3,873,741 83,303 2.2% At Period Ending Date
Dec. 31, 2006 Dec. 31, 2005 $ Change % Change Mutual Fund Assets
Under Management $2,032,735,914 $1,831,992,622 $200,743,292 11.0%
Hennessy Advisors, Inc., located in Novato, CA, is a publicly
traded investment advisor to six no-load mutual funds. Hennessy
Advisors, Inc. is committed to their time-tested, quantitative
stock selection formulas and disciplined money management approach.
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. 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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