Asa International reports third quarter 1996 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. 13, 1996--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, 1996 were $6,473,000 compared with revenues of $7,897,000 in the same period in 1995. Earnings from operations for the third quarter were $167,000, compared with $400,000 in 1995. Net earnings for the third quarter were $80,000 or $.02 per share, compared with $81,000, or $.02 per share in 1995. For the nine months ended Sept. 30, 1996, earnings from operations were $134,000, compared to $1,139,000 for the same period in 1995. The net loss for the nine month period was $190,000, or $.04 per share, compared with net earnings of $226,000, or $.05 per share in 1995. Revenues for the nine month period ended Sept. 30, 1996 were $18,822,000 compared with $22,739,000 in 1995. 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. Its 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.'s results for the three and nine month period ended Sept. 30, 1996 and 1995 are summarized as follows: -0-
Three months ended Sept. 30, Nine months ended Sept. 30,
1996 1995 1996 1995
Gross Revenue $6,473,000 $7,897,000 $18,822,000 $22,739,000
Earnings From
Operations 167,000 400,000 134,000 1,139,000
Net Earnings
(Loss) 80,000 81,000 (190,000) 226,000
Net Earnings
(Loss)
Per Share $(.02) $.02 $(.04) $.05
Weighted Average
Number of Common
& Common
Equivalent Shares
Outstanding 4,333,000 4,325,000 4,366,000 4,203,000
-0- CONTACT: ASA International Ltd. 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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