Asta Funding, Inc., a leading consumer receivables asset management and liquidation company, today reported both revenue and net income gains for the three month and six month periods ended March 31, 2002.
Net income for the three months ended 31 March 2002, rose 19% to US$2,634,000 or US$0.59 per diluted share, from US$2,211,000 or US$0.54 per diluted share, as compared to the same prior year period. Revenues for the three months ended 31 March 2002, were US$10,382,000, an increase of 70% over revenues of US$6,116,000 for the same prior year period.
Net income for the six months ended 31 March 2002, rose 24% to US$4,930,000 or US$1.12 per diluted share, from US$3,965,000 or US$0.97 per diluted share, as compared to the same prior year period. Revenues for the six months ended 31 March 2002, were US$18,784,000, an increase of 83% over revenues of US$10,250,000 for the same prior year period.
