Business
Aberdeen Reports Shareholders' Equity of $0.42 Per Share and Second Quarter Financial Results
TORONTO, ONTARIO--(Marketwired - Sept. 22, 2016) - ABERDEEN INTERNATIONAL INC. ("Aberdeen", or the "Company") (TSX:AAB) is pleased to announce that it has relea
About this update from Aberdeen International Inc.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - Sept. 22, 2016) - ABERDEEN INTERNATIONAL INC. (\"Aberdeen\", or the \"Company\") (TSX:AAB) is pleased to announce that it has released its financial results for the second quarter ended July 31, 2016. Highlights: Net income for the six months ended July 31, 2016 was $12.4 million or $0.13 per basic share; Aberdeen's largest public shareholding by value, Lithium X Energy Corp., continues to trade well and closed at $2.27 per share on the TSX Venture on September 21, 2016; Completion of the NCIB by repurchasing and cancelling 6.6 million Aberdeen shares. As at July 31, 2016, Aberdeen's shareholders' equity and net asset value (\"NAV\") was $37.1 million, or $0.42 per share. Given the nature of Aberdeen's operations, there is currently no difference between \"shareholder equity\" and \"net asset value\" for Aberdeen. On a year-over-year basis, Aberdeen's shareholders' equity increased by $9.5 million. July 31, 2016 January 31, 2016 July 31, 2015 Shares outstanding 88,912,282 95,546,628 96,658,252 $ $/Shares $ $/Shares $ $/Shares Cash on hand 319,206 0.004 604,613 0.006 412,186 0.004 Investments Publicly traded 19,016,290 0.214 2,754,448 0.029 8,950,692 0.093 Private 17,652,452 0.199 19,322,417 0.202 15,313,996 0.158 Non-trading warrants Intrinsic value - - - 0.000 137,000 0.001 Option value 234,190 0.003 423,920 0.004 462,160 0.005 234,190 0.003 423,920 0.004 599,160 0.006 Portfolio Investments 36,902,932 0.415 22,500,785 0.235 24,863,848 0.257 Loans 2,839,640 0.032 - - - - Total 40,061,778 0.451 23,105,398 0.241 25,276,034 0.261 For the three months ended July 31, 2016, Aberdeen reported a net loss of $0.3 million or $0.00 per basic share on total revenue of $0.7 million. Revenue was comprised of $0.7 million from net investment gains, $0.1 million from interest income and advisory fees. For the three months ending July 31, 2015, Aberdeen reported a net loss of $8.6 million or $0.09 per share on total revenue of $(7.9) million ($(8.1) million from net inv...