Business
Aberdeen International Inc. (TSX: AAB, FR: A8H, OTC: AABVF) Reports 2021 Q2 Results With Net Income of $0.08 Per Share Representing 300% Quarter-Over-Quarter Growth and 167% Year-Over-Year Growth
Total revenue of $11.6 million, including net gain on investments of $11.5 million for the three months ended July 31, 2021 Net income for the three months ende
About this update from Aberdeen International Inc.
[{"type":"text","content":" Total revenue of $11.6 million, including net gain on investments of $11.5 million for the three months ended July 31, 2021 Net income for the three months ended July 31, 2021 was $10.9 million or $0.08 per basic share As at July 31, 2021, Aberdeen's shareholders' equity and net asset value (NAV) were $51.9 million, or $0.38 per basic share. On a quarter-over-quarter basis, Aberdeen's shareholders' equity has increased by $10.9 million, representing an approximate 27% increase. Given the nature of Aberdeen’s operations, there is currently no difference between “shareholder equity” and “net asset value” for Aberdeen Investments in clean energy and zero-carbon technologies drove significant value during the first half of 2021, accounting for an approximately $11.9 million gain on investment, affirming the focus and effectiveness of management’s clean energy investment strategy TORONTO, Sept. 10, 2021 (GLOBE NEWSWIRE) -- Aberdeen International Inc. (“Aberdeen” or the “Company”) (TSX: AAB) (F:A8H) (OTC: AABVF) is pleased to announce that it has released its financial results for the second quarter ended July 31, 2021. For the three months ended July 31, 2021, Aberdeen reported net income of $10.9 million or $0.08 per basic share on total revenue of $11.6 million. Revenue was comprised of $11.5 million from net investment gains and $0.1 million from interest income. For the three months ending July 31, 2020, Aberdeen reported net income of $3.1 million or $0.03 per basic share on total revenue of $3.7 million ($3.6 million from net investment gains and $0.1 million from interest income and advisory fees). Quarterly performance represents a 300% increase in net income per share over the quarter ended April 30, 2021 and a 167% increase in the quarter ended April 30, 2020. For the six months ended July 31, 2021, Aberdeen reported net income of $14.2 million or $0.10 per basic share on total revenue of $15.6 million. For the six months ended July 31, 2020, Aberdeen reported net income of $4.6 million or $0.05 per basic share on total revenue of $5.5 million. Performance for the first half of 2021 represents a 100% increase in net income per share over the first half of 2020. The Company’s investment portfolio gains for the first half of the year were generated by significant contributions from clean energy investments in novel hydr...