The New Jersey based consumer receivables and management company Asta Funding Inc. has today reported results for its fiscal year ended 30 September 2000.
Asta’s net income for the year ended 30 September 2000 had risen by 113% to $5,830,000 from the $2,733,000 recorded the previous year. Revenues increased by 56% from $11,603,000 to $18,110,000 over the same period.
Asta’s president and CEO, Gary Stern, has said “Asta will continue to pursue receivable acquisitions as well as expand our commercial factoring business and other opportunistic acquisitions and investments that will allow the company to diversify our operations.
Source: Asta Funding Inc
