ASA International Group PLC (GB:ASAI) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
ASA International Group PLC, a leading microfinance institution, reported a net profit of USD 8.8 million for FY 2023, down 51% from the previous year amid foreign exchange challenges and the application of hyperinflation accounting in Ghana and Sierra Leone. Despite the decline, the company saw a second-half improvement with a 10% growth in its Outstanding Loan Portfolio (OLP) and strong contributions from markets like Pakistan, the Philippines, Ghana, Kenya, and Tanzania. Looking ahead, ASA International is optimistic about 2024, expecting continued business performance improvements, albeit with caution regarding inflation and currency fluctuations.
For further insights into GB:ASAI stock, check out TipRanks’ Stock Analysis page.
