Asta Funding Inc, a leading consumer receivables asset management, liquidation and factoring company, yesterday reported both revenue and net income gains for the three month and nine month periods ended June 30, 2002.
Net income for the three months ended June 30, 2002, rose 12% to US$2,716,000 or US$0.61 per diluted share, from US$2,435,000 or US$0.58 per diluted share, as compared to the same prior year period. Revenues for the three months ended June 30, 2002, were US$8,800,000, an increase of 31% over revenues of US$6,720,000 for the same prior year period.
Net income for the nine months ended June 30, 2002, rose 19% to US$7,646,000 or US$1.72 per diluted share, from US$6,400,000 or US$1.55 per diluted share, as compared to the same prior year period. Revenues for the nine months ended June 30, 2002, were US$27,584,000, an increase of 63% over revenues of US$16,970,000 for the same prior year period.
Source: PR Newswire
