Asta Funding, Inc., (NASDAQ:ASFI), a leading consumer receivables asset management and liquidation company today reported record revenue and net income gains for the fiscal year ended September 30, 2001.
For fiscal 2001, Asta’s revenues increased 33 percent to $24.1 million from $18.1 million for the period in 2000. Net income for the year increased 48 percent over the prior year to $8.6 million, or $2.06 per diluted share.
Total assets at September 30, 2001, rose 158 percent to $54.8 million from $21.2 million as compared to the same period in the prior year.
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