Asta Funding Inc, a leading consumer receivables asset management and liquidation company which also factors commercial receivables, today announced that it projects a 40% increase in earnings growth for 2001.
The company projects for the fiscal year 2001 an increase in revenues of approximately 30% and an increase in net income of approximately 40% which equates to $8.4 million or approximately $2.00 per diluted share.
Asta is expected to report final fiscal year 2001 results during the third week of November.
Gary Stern, president and CEO of Asta Funding commented: "We are extremely well positioned in the current economic environment to take advantage of potential portfolio purchases as they become available."
Source: PR Newswire
