Asta Funding, Inc., the New Jersey based consumer receivables asset management company (which specializes in the purchase, liquidation and management of performing and non-performing consumer receivables, as well as factoring commercial receivables), has recorded record revenue and net income gains for the fiscal year ended 30 September 2001. Asta generates revenues and earnings primarily through purchase and collection of performing and non-performing consumer receivables and commercial factoring receivables.
Year End Highlights
Revenues increased 33%
Net Income jumped 48% to $8.6 million
EPS came to $2.06 per diluted share
Total assets rose 158%
For fiscal 2001, Asta's revenues increased 33% to $24.1 million from $18.1 million for the same period in 2000. Net income for the year increased 48% over the prior year to $8.6 million, or $2.06 per diluted share.
