AISCO

AcronymDefinition
AISCOAll India Saraswat Cultural Organization (Mumbai, India)
References in periodicals archive ?
The increase in revenues is directly attributable to the company's acquisition of AISCO in March 2000 and Cornerstone Capital Management in June 1999.
Without giving effect to the AISCO acquisition and the loss on principal transactions, the company's revenues would have been approximately $1,560,000 for the three months ended June 30, 2000 as compared with $2,290,000 for the three months ended June 30, 1999, representing a decrease of approximately 32%.
Total revenue for AISCO for the three months ended June 30, 2000 was approximately $6,375,000.
Overall, this increase is due primarily to the company's acquisition of AISCO in March 2000.
The increases in this expense were primarily attributable to the AISCO acquisition and the rise in compensation to the company's traders and brokers as a result of the increase in net trading revenue in terms of overall ticket and share volume.
Without giving effect to the AISCO acquisition, the company's commissions, compensation and benefits would have been approximately $1 million for the three months ended June 30, 2000 as compared with $1,130,000 for the three months ended June 30, 1999, representing a decrease of approximately 12%.
Total commissions, compensation and benefits for AISCO for the three months ended June 30, 2000 was approximately $5.
The increases in these expenses were primarily due to the company's acquisition of AISCO.
The increase in net income is primarily the result of the overall increase of all stock markets in terms of both price and volume in the first quarter of 2000 as compared with the prior year period, as well as the expansion of the company's operations as a result of the Cornerstone and AISCO acquisitions.