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VALUE LINE, INC. ANNOUNCES FISCAL YEAR 2020 EARNINGS
New York, July 28, 2020 (GLOBE NEWSWIRE) -- Value Line, Inc., (NASDAQ: VALU) reported results for the fiscal year ended April 30, 2020. During the twelve
About this update from Value Line, Inc.
[{"type":"text","content":"New York, July 28, 2020 (GLOBE NEWSWIRE) -- Value Line, Inc., (NASDAQ: VALU) reported results for the fiscal year ended April 30, 2020. \n During the twelve months ended April 30, 2020, the Company’s income from operations of $9,090,000 was $3,677,000 or 67.9% above income from operations of $5,413,000 during the twelve months ended April 30, 2019. During the twelve months ended April 30, 2020, the Company’s net income of $15,663,000, or $1.62 per share, was $4,513,000 or 40.5% above net income of $11,150,000, or $1.15 per share, for the twelve months ended April 30, 2019. The largest factors in the increases in income from operations and net income during the twelve months ended April 30, 2020, compared to the prior fiscal year, were an increase in copyright fees, an increase from revenues and profits interests in EAM Trust, and well controlled overall expenses. During the three months ended April 30, 2020, the Company’s income from operations of $1,307,000 was 34.7% above income from operations of $970,000 during the three months ended April 30, 2019. During the three months ended April 30, 2020, the Company’s net income of $2,810,000, or $0.29 per share, was 22.5% above net income of $2,293,000, or $0.24 per share, for the three months ended April 30, 2019. Shareholders’ equity reached $53,539,000 at April 30, 2020, an increase of 12.7% over the shareholders’ equity of $47,524,000 at April 30, 2019. Retained earnings at April 30, 2020, were $56,450,000, representing an increase of 16.2% over the year-earlier figure. The Company’s liquid assets at April 30, 2020, were $34,158,000, a 20.6% increase over liquid assets at April 30, 2019. Total dividends declared during fiscal year 2020 were 81 cents per share. During the twelve months ended April 30, 2020, there were 9,646,885 average common shares outstanding as compared to 9,683,771 average common shares outstanding during the twelve months ended April 30, 2019. The Company’s annual report on Form 10-K has been filed with the SEC and is available on the Company’s website at www.valueline.com/About/corporate_filings.aspx. Shareholders may receive a printed copy, free of charge upon request. Value Line, Inc. is a leading New York based provider of investment research. The Value Line Investment Survey is one of the most widely used sources of independent equity investment research...