|
|
Article: ASTA FUNDING TURNS A PROFIT AFTER TWO QUARTERLY LOSSES.(News)(Financial report)(Brief article)
- Article from:
- Cardline
- Article date:
- August 7, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Asta Funding Inc., an asset-management company that buys unpaid credit card loans and tries to collect them, on Tuesday reported net income of $1.5 million for its fiscal third quarter ended June 30, a 37.5% decrease from $2.4 million for the same period last year. The third quarter marks a return to profitability for the Englewood Cliffs, N.J.-based company after reporting net losses of $7.8 million and $5.2 million in the first and second quarters respectively. "Achieving profitability this quarter is an important milestone that reflects our continued cautious approach in the face of the ongoing challenges in today's economic environment," Gary Stern, Asta chairman and ...
Related newspaper, magazine, and journal articles:
|