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Stock impact report

World Acceptance Corporation Reports Fiscal 2020 Second Quarter Results

World Acceptance Corporation (WRLD) 
Last world acceptance corporation earnings: 1/30 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: loansbyworld.com/about-us/investors
Company Research Source: Business Wire
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 resultsAs 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 the $1.13 billion of gross loans outstanding as of September 30, 2018. This is compared to a 10.0% increase for the comparable period ended September 30, 2018. Year-to-date, the gross loans outstanding in the US increased 13.0% as of September 30, 2019, compared to an increase of 12.2% for the comparable period ended September 30, 2018.Our customer base increased Show less Read more
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