World Acceptance (WRLD) Reports Q2 EPS of $1.10

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Go back to World Acceptance (WRLD) Reports Q2 EPS of $1.10

World Acceptance Corporation Reports Fiscal 2018 Second Quarter Results

November 1, 2017 7:30 AM EDT

GREENVILLE, S.C.--(BUSINESS WIRE)-- World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its quarter and six months ended September 30, 2017.

Gross loans increased to $1.15 billion as of September 30, 2017, a 4.8% increase from the $1.10 billion of loans outstanding as of September 30, 2016. Gross loans in the US increased 3.2%. Gross loans in the US benefited from the acquisition of $8.5 million in gross loans during the quarter. Gross loans in Mexico increased 19.5% in US dollars. However, gross loans in Mexico increased only 11.9% in Mexican pesos. Our unique borrowers in the US increased by 36,751, or 4.9% during the second quarter of fiscal... More