ASA International Ltd. reports third quarter 1994 results.FRAMINGHAM Framingham (frā`mĭnghăm'), town (1990 pop. 64,994), Middlesex co., E Mass., on the Sudbury River between Worcester and Boston; settled 1650, inc. 1700. , Mass.--(BUSINESS WIRE)--Nov. 2, 1994--ASA International Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ASAA ASAA American Sleep Apnea Association ASAA Alberta Schools' Athletic Association (Canada) ASAA Alaska School Activities Association ASAA American Society of Aviation Artists ASAA Asian Studies Association of Australia, Inc. ) today reported that revenues for the third quarter ended Sept. 30, 1994 were $7,022,000, compared with revenues of $7,255,000 in the previous year's third quarter. Earnings from operations for the quarter were $226,000, compared with $221,000 in 1993. Net earnings for the quarter were $72,000, or $.02 per share, compared with $75,000, or $.02 per share in 1993. For the nine months ended Sept. 30, 1994, earnings from operations were $522,000, compared to $797,000 for the same period in 1993. Net earnings for the nine month period were $124,000, or $.03 per share compared with $968,000, or $.24 per share (which included an extraordinary credit of $644,000 resulting from the cumulative effect of adopting SFAS SFAS Statement of Financial Accounting Standards SFAS Special Forces Assessment and Selection SFAS Student Financial Aid Services SFAS Sport Fishing Association of Singapore SFAS Safety Features Actuation System SFAS Statewide Fixed Assets System #109). Revenues for the nine month period ended Sept. 30, 1994 were $19,662,000 compared with $20,825,000 in 1993. ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and International Ltd., established in 1969 and headquartered in Framingham, Mass., develops, supports, and markets proprietary enterprise software that runs on a variety of popular computer platforms and networks. Their enterprise software products are used for electronic time recording, customs house brokerage BROKERAGE, contracts. The trade or occupation of a broker; the commissions paid to a broker for his services. and freight forwarding, law office automation, tire retail and distribution, and catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. direct marketing.
ASA International Ltd. quarterly results are summarized as follows:
Three months Nine months
ended September 30, ended September 30,
1994 1993 1994 1993
Gross Revenue $7,022,000 $7,255,000 $19,662,000 $20,825,000
Earnings from
Operations 226,000 221,000 552,000 797,000
Earnings before
Extraordinary
Credit and
Cumulative Effect
of Adopting SFAS
#109 72,000 75,000 124,000 324,000
Benefit of Net
Loss Carryforward
and Cumulative
Effect of Adopting
SFAS #109 --- --- --- 644,000
Net Earnings 72,000 75,000 124,000 968,000
Earnings Per Share
before Extraordinary
Credit and Cumulative
Effect of Adopting
SFAS #109 $.02 $.02 $.03 $.08
Per Share Benefit of
Net Loss Carryforward
and Cumulative Effect
of Adopting
SFAS #109 -- -- -- $.16
Net Earnings Per
Share $.02 $.02 $.03 $.24
Weighted Average
Number of Common
& Common
Equivalent Shares
Outstanding 4,270,000 4,133,000 4,270,000 4,100,000
CONTACT: ASA International Ltd., Framingham Alfred Alfred, 849–99, king of Wessex (871–99), sometimes called Alfred the Great, b. Wantage, Berkshire. Early Life The youngest son of King Æthelwulf, he was sent in 853 to Rome, where the pope gave him the title of Roman consul. C. Angelone, 508/626-2727 |
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