ASA International Group PLC - microfinance lender - Notes "immediate" health of own operations "remains low" after pandemic, with 28 of 12,535 staff infected, but stressed liquidity remain high with about USD105 million of unrestricted cash and cash equivalents at August 31. Collection efficiency remains in the mid to high nineties in eight operating countries, which in the aggregate represent more than 70% of the pre-tax profitability of all the company's country operations in 2019. August 31 outstanding loan portfolio USD412 million versus USD408 million a month earlier and USD467 million at the end of 2019. Number of clients ended August at 2.3 million from 2.5 million at December 31.
Current stock price: 171.00 pence
Year-to-date change: down 37%
By Paul McGowan; paulmcgowan@alliancenews.com
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Asa Int (ASAI)