ASA Ltd. Earnings Release for the Nine Months Ended August 31, 2004.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- 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 Limited (NYSE NYSE See: New York Stock Exchange :ASA) a closed-end investment company closed-end investment company: see mutual fund. , today reported the release of the following information with respect to the Company's operations for the nine months ended August 31, 2004:
August 31, 2004 August 31, 2003
Net Assets $433,748,649 $427,761,329
Shares outstanding 9,600,000 9,600,000
Net asset value per share (1) $45.18 $44.56
(1) Based on closing prices on the JSE Securities Exchange South
Africa or other stock exchanges, as applicable, translated to U.S.
dollars.
August 31, 2004 August 31, 2003
Net investment income (2) $3,319,966 $7,564,617
Net investment income per share (2) $.35 $.79
(2) Excludes net realized capital gains of $7,019,422 ($.73 per share)
for the nine months ended August 31, 2004. There were no realized
capital gains (losses) for the nine months ended August 31, 2003.
Excludes net realized gain (loss) from foreign currency
transactions of ($6,519,745) (($.68) per share) and $1,245,828
($.13 per share) for the nine months ended August 31, 2004 and
August 31, 2003, respectively.
Excludes net increase (decrease) in unrealized appreciation of
($60,374,384) (($6.29) per share) and $102,559,869 ($10.68 per
share) for the nine months ended August 31, 2004 and August
31, 2003, respectively. Excludes net unrealized (loss) on
translation of assets and liabilities in foreign currency of
($160,719) (($.02) per share) and ($712,212) (($.07) per
share) for the nine months ended August 31, 2004 and August
31, 2003, respectively.
Shareholders can access the Company's website at www.asaltd.com to view the quarterly financial statements and other financial information. |
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