World Acceptance Corporation Reports Net Income of $16.08 Million for the Third Quarter of 2023
Revenues Total $136.88 Million, Driven by Interest and Fee Income
World Acceptance Corporation,Inc.(WRLD) a leading consumer finance company, ha s announced its financial results for the third quarter of 2023. The company reported a net income of $16.08 million for the quarter, a significant improvement from the loss of $0.64 million during the same period last year. This positive performance was driven by total revenues of $136.88 million, primarily attributed to interest and fee income.
Revenues Soar to $136.88 Million
In the three months ended September 30, 2023, World Acceptance Corporation achieved total revenues of $136.88 million. This represents a substantial decrease from the previous year, when the company reported revenues of $151.26 million. The decline in revenue can be attributed to a decrease in interest and fee income. In the same quarter of 2022, the company had reported $130.46 million in interest and fee income, which fell to $116.95 million in 2023.
Net Income Surges to $16.08 Million
