Asta Funding, Inc. Announces Financial Results for Third Quarter and Nine Months of Fiscal 2010
finance.yahoo.com
-- Net Income of $3.1 Million, or $0.21 Per Diluted Share for Third Quarter
-- No Impairments, Strong Cash Flow Trend Continues
ENGLEWOOD CLIFFS, N.J., Aug. 4 /PRNewswire-FirstCall/ -- Asta Funding, Inc. (Nasdaq:ASFI), a consumer receivable asset management and liquidation company, today announced results for the third quarter and nine months of its 2010 fiscal year, the period ended June 30, 2010.
The Company reported net income of $3,121,000 for the three month period ended June 30, 2010, or $0.21 per diluted share as compared to net income for the three months ended June 30, 2009 of $1,478,000, or $0.10 per diluted share. Revenues for the three month period ended June 30, 2010 were $12,083,000 as compared to $17,238,000 for the three month period ended June 30, 2009.
Net income for the nine months ended June 30, 2010 was $8,471,000, or $0.58 per diluted share as compared to a net loss of $11,527,000, or $0.81 per share for the nine months ended June 30, 2009. Revenues for the nine months ended June 30, 2010 were $34,294,000 as compared to $53,812,000 for the same period in the prior year. |
