ADVISORS, INC. QUARTERLY EARNINGS INCREASE 26%
CA – January 25, 2007– Hennessy Advisors, Inc. (OTCBB:HNNA)
President and Chief Executive Officer, Neil Hennessy, today
announced fully diluted earnings per share for Hennessy Advisors,
Inc. of $0.29 for the three months ended December 31, 2006, up from
$0.23 in the prior comparable period, an increase of over 26%. Growth
in income is primarily attributable to increased mutual fund assets
under management. Total mutual fund assets increased by 11%, growing
to $2.03 billion at December 31, 2006, compared to $1.83 billion
at December 31, 2005. For the three months ended December 31, 2006,
income increased almost 27% and revenue grew at more than 19%, compared
to the prior comparable period.
are pleased to deliver another strong increase in quarterly earnings
to our shareholders,” said Mr. Hennessy. “Our primary
objective remains to grow our assets under management, and we are
committed to managing the company in the best interest of our shareholders,”
Hennessy Advisors, Inc., located in Novato, CA, is a publicly traded
investment advisor to six no-load mutual funds. Hennessy Advisors,
Inc. is committed to their time-tested, quantitative stock selection
formulas and disciplined money management approach.
Nothing in this section shall be considered a solicitation to buy
or an offer to sell a security to any person in any jurisdiction
where such offer, solicitation, purchase or sale would be unlawful
under the securities laws of such jurisdiction.