aberdeen international inc (AAB) Snapshot

Aberdeen International Inc. reported earnings results for the first quarter ended April 30, 2013. For the period, the company reported net earnings of $7.4 million or $0.09 per basic share on total revenue of $8.9 million. Revenue was comprised of $9.1 million from net investment losses and $0.2 million from interest income and advisory services fees. For the three months ended April 30, 2012, the company reported net earnings of $15.9 million or $0.18 per basic share on total revenue of $18.5 million.

Aberdeen International Inc. reported earnings results for the year ended January 31, 2013. The company reported net loss of $30.6 million or $0.35 per basic share on total revenue of $20.5 million. Revenue was comprised of $22.4 million from net investment losses, $0.6 million from royalties, $1.1 million interest and dividend income and $0.2 million from advisory services fees. For the twelve months ended January 31, 2012, the company reported net loss of $37.8 million or $0.44 per basic share on total revenue of $36.9 million $40.2 million from net investment losses, $2.4 million from royalties, and $0.9 million from interest income and advisory service fees.

Aberdeen International Inc. announced that it has decided to suspend the payment of dividends due to market conditions. The implementation of a regular dividend has not led to the positive re-rating that the company expected, and given the extreme pessimism and weakness in the junior mining equities space, the company feels that preservation of cash for other endeavors is a priority.