World Acceptance (WRLD) Reports Q2 EPS of $0.51

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Go back to World Acceptance (WRLD) Reports Q2 EPS of $0.51

World Acceptance Corporation Reports Fiscal 2020 Second Quarter Results

October 31, 2019 7:30 AM EDT

GREENVILLE, S.C.--(BUSINESS WIRE)-- World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its second fiscal quarter and six months ended September 30, 2019.

Portfolio results

As previously disclosed, we sold our Mexico operations effective July 1, 2018. As a result of the sale, we have classified the Mexico business as discontinued operations, and the US business as continuing operations on the statements of operations for the applicable periods.

Gross loans outstanding in the US, which are reported as continuing operations, increased to $1.27 billion as of September 30, 2019, a 13.1% increase from... More