ASAA Nasdaq 1.05:
ASA International Ltd. Reports Third Quarter 2002 Results
Wednesday November 13, 3:47 pm ET
FRAMINGHAM, Mass., Nov. 13 /PRNewswire/ -- ASA International Ltd. (Nasdaq: ASAA - News) today announced its results for the third quarter ended September 30, 2002.
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Revenues for the third quarter of 2002 were $4,218,000 compared with $4,001,000 in the third quarter of 2001.
The Company reported earnings from operations for the third quarter of 2002 of $97,000, compared to earnings from operations of $161,000 for the third quarter of 2001.
The net earnings for the third quarter of 2002 were $75,000, or $.02 per basic and diluted share, compared with net earnings of $195,000 or $.07 per basic and $.06 per diluted share, for the third quarter of 2001.
Revenues for the nine months ended September 30, 2002 were $11,912,000 compared with $11,860,000 in the first nine months of 2001.
The Company reported earnings from operations for the first nine months of 2002 of $559,000, compared to a loss from operations of $493,000 for the first nine months of 2001.
The net earnings for the nine months ended September 30, 2002 were $506,000, or $.16 per basic and $.15 per diluted share, compared with a net loss of $55,000 or $.02 per basic and diluted share, for the first nine 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. |
