ASA International Group PLC (GB:ASAI) has released an update.
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ASA International Group PLC reported a robust first half of 2024, with a 267% surge in net profit to $13.5 million and client growth of 7%. Operational performance was buoyed by strong loan demand, particularly in Pakistan, the Philippines, Ghana, Tanzania, and Kenya, and was reflected in the company’s loan portfolio (OLP) rising 15% to $384.6 million. Despite currency volatility and inflationary pressures, the Board remains cautiously optimistic about exceeding the full-year net profit consensus of $16 million.
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