First Quarter Highlights:
Revenues increased 103 percent
Net Income increased 31 percent to $2.3 million
EPS of $0.53 per diluted share
Asta Funding, Inc., a New Jersey company which generates revenues and earnings primarily through purchase and collection of performing and non-performing consumer receivables and commercial factoring receivables, today reported both revenue and net income gains for the first quarter ended 31 December 2001.
Asta's quarterly revenues increased 103% to $8.4 million from $4.1 million as compared to the prior year's period. Net income increased 31% to $2.3m or $0.53 per diluted share from $1.8m or $0.43 per diluted share for the same period in the prior year.
