| Business Summary | | ASA
Limited
is
incorporated
in
the
Republic
of
South
Africa
and
consequently
values
its
investments
at
Johannesburg
Stock
Exchange
share
prices
translated
into
United
States
dollars
at
the
rand
exchange
rate.
At
November
30,
1999,
the
Company's
net
assets,
including
investments
valued
at
Johannesburg
Stock
Exchange
quotations,
were
equivalent
to
R138.62
($22.51)
per
share.
Net
investment
income
for
fiscal
1999
was
equivalent
to
R3.56
($.58)
per
share,
as
compared
to
R3.59
($.66)
per
share
for
fiscal
1998.
Net
realized
gains
from
investments
were
R3.76
($.62)
per
share
for
fiscal
1999
as
compared
to
R1.91
($0.32)
per
share
for
fiscal
1998. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ASA
Limited
invests
its
assets
in
common
shares
of
gold
mining
companies
and
other
companies
in
South
Africa.
For
the
six
months
ended
5/31/01,
investment
income
increased
65%
to
$7.5
million.
Net
increase
in
assets
from
operations
totalled
$67
million,
vs.
net
decrease
in
assets
of
$36.3
million.
Results
are
not
comparable
due
to
the
Company
changed
its
reporting
currency
unit
from
South
Africa
Rand
to
U.S.
Dollars. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Robert Irwin, 72 | Chairman
and Treasurer | Ronald McCarthy, 66 | Director
and Manging Director | Henry Breck, 62 | Assistant
Treasurer |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|