ENGLEWOOD CLIFFS, NJ – Asta Funding, Inc., (Nasdaq: ASFI), a leading consumer receivable asset management and liquidation company, today reported results for the three and six months ended March 31, 2004.
Net income for the three months ended March 31, 2004 increased 124% to $5,433,000, or $0.38 per diluted share (based on 14.3 million shares), compared to $2,429,000, or $0.27 per diluted share (based on 8.9 million shares), in the same prior year period. Revenues for the three months ended March 31, 2004, were $12,864,000, an increase of 67% compared to revenues of $7,720,000 a year ago.
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