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Article: Nelnet Reports Substantial Growth in Net Income and Student Loan Assets.
- Article from:
- PR Newswire
- Article date:
- November 5, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Nelnet, Inc. today announced that base net income for the first nine months of 2004 was $130.1 million, or $2.43 per share, compared with $18.3 million, or $0.41 per share, in the prior year. For the first nine months of 2004, net income was $102.0 million, or $1.90 per share, compared with net income of $16.8 million, or $0.37 per share, for the same period a year ago.
Net income excluding derivative market value adjustments, amortization of intangible assets, and variable-rate floor income items, which the company defines as base net income, was $34.0 million, or $0.63 per share, for the third quarter of 2004 compared with $3.8 million, or $0.08 per share, in ...
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