ADVISORS, INC. ANNOUNCES THIRD QUARTER EARNINGS -YEAR-TO-DATE EARNINGS
CA – August 2, 2005 – Hennessy Advisors, Inc. (OTCBB:HNNA)
Chief Executive Officer
and President, Neil Hennessy, today announced fully diluted earnings
per share for Hennessy Advisors, Inc. of $.31 for the third quarter
ended June 30, 2005. While earnings for this quarter were equal
to earnings in the prior comparable quarter, the diluted earnings
per share for the nine months ended June 30, 2005, were $.93, up
from $.78 in the prior comparable period, an increase of 19.2%.
financial markets have been quite volatile since January so we are
very pleased that we have been able to produce these strong quarterly
and year-to-date earnings for our shareholders,” said Mr.
Advisors, Inc., located in Novato, CA, is a publicly traded investment
firm, whose principal business activity is managing, servicing and
marketing mutual funds. The Hennessy Funds are no-load and utilize
quantitative stock selection strategies.
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