U.S. Global Investors reported that its earnings for fiscal year 2007 ended June 30 were $13.76 million, or 90 cents a diluted share, up 32% from $10.44 million, or 69 cents a diluted share, in the previous fiscal year. Revenue increased 30% to $58.6 million, up from $44.85 million.
For the fourth quarter of fiscal year 2007, net income was $6.41 million, or 42 cents a diluted share, up 14% from $5.62 million, or 37 cents a diluted share, in the final quarter of fiscal 2006.
The company attributed the strong performance to advisory fee increases associated with the growth in assets under management.
Throughout the year, U.S. Global Investors averaged $4.61 billion in assets under management, a 34% increase from an average of $3.44 billion in fiscal 2006.