Asta Funding, Inc., a leading consumer receivable asset management and liquidation company, today reported record results for its fiscal first quarter, the three months ended December 31, 2005.
Net income for the three months ended December 31, 2005, rose 50.8% to $9,312,000, or $0.64 per diluted share, compared to $6,175,000, or $0.43 per diluted share, in the first quarter of the prior year. Revenues for the three months ended December 31, 2005 were $20,260,000, a 46.5% increase over revenues of $13,830,000 in the prior year’s quarter.
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