ASAA 1.20 big qtr just out:
(COMTEX) B: ASA International Ltd. Reports Second Quarter 2002 Results
B: ASA International Ltd. Reports Second Quarter 2002 Results
FRAMINGHAM, Mass., Aug 13, 2002 /PRNewswire-FirstCall via COMTEX/ -- ASA
INTERNATIONAL LTD. (Nasdaq: ASAA) today announced its results for the second
quarter ended June 30, 2002.
Revenues for the second quarter of 2002 were $4,239,000 compared with $3,713,000
in the second quarter of 2001.
The Company reported income from operations for the second quarter of 2002 of
$412,000, compared to a loss from operations of $325,000 for the second quarter
of 2001.
The net income for the second quarter of 2002 was $339,000, or $.11 per basic
and diluted share, compared with net loss of $138,000 or $.05 per basic and
diluted share, for the second quarter of 2001.
Revenues for the six months ended June 30, 2002 were $7,694,000 compared with
$7,859,000 in the first six months of 2001.
The Company reported income from operations for the first six months of 2002 of
$463,000, compared to a loss from operations of $654,000 for the first six
months of 2001.
The net income for the six months ended June 30, 2002 was $431,000, or $.14 per
basic and diluted share, compared with a net loss of $250,000 or $.08 per basic
and diluted share, for the first six months of 2001.
About ASA International Ltd.
ASA International Ltd. (www.asaint.com) provides quality enterprise-wide
business-to-business software solutions and value-added services to vertical
markets. ASA solutions enable organizations to achieve a maximum return on their
information technology investment because they simplify the process of planning,
managing and controlling the complete business process. ASA has developed,
built, and deployed its enterprise-wide software, services, and customized
support to thousands of businesses in North America, South America and Western
Europe since 1969.
This press release contains forward-looking statements that involve a number of
risks and uncertainties. Among the important factors that could cause actual
results to differ materially from those indicated by such forward-looking
statements are delays in product development, competitive pressures, general
economic conditions and the risk factors detailed in the company's periodic
reports and registration statements filed with Securities and Exchange
Commission.
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SOURCE ASA International Ltd.
CONTACT: Alfred C. Angelone, Chairman & CEO of ASA International Ltd.,
+1-508-626-2727
URL: asaint.com
prnewswire.com
Copyright (C) 2002 PR Newswire. All rights reserved.
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KEYWORD: Massachusetts
INDUSTRY KEYWORD: STW
ECM
SUBJECT CODE: ERN
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