Debt buyer Asta Funding, Inc. (Nasdaq: ASFI) reported Thursday financial results for its fiscal first quarter of 2012 (ended December 31, 2011) marked by a rise in net income and declines in revenue and total cash collections.
Englewood Cliffs, N.J.-based Asta said that in the period from October 1 to December 31, 2011 – the first quarter of its fiscal 2012 – the company earned $3 million (or $0.20 per share), up 11.6 percent from the same period a year ago.
Revenue in the quarter fell 3.7 percent to $10.4 million. Total net cash collections fell by nearly 20 percent to $17 million.
View this content by subscribing
Please register to unlock this content
I already have an account. Log in
