Access Financial Services Ltd (AFS) Suffers Sharp Drop In Q2 Profits Due To Fewer Loans – Sep 2020 Results

October 31, 2020

Access Financial Services Ltd (AFS) has released their September 2020 (Q2) numbers. Here are the highlights.

This Quarter (2021Q2) vs Same Quarter Last Year

Operating Income totaled $457.17m vs $572.42m (-20.13%)
Interest income down 12% ($52m) and Fee income down 43% ($82m). Due to lower loan disbursements for the period
Net Income totaled $28.54m vs $114.60m (-75.09%)
Sharp drop in profits mainly due to lower (interest and fee) income earned from loans. Income is down $115m plus Credit loss allowances also up slightly

Loans and Advances was $3.89b vs $4.38b (-11.18%)
Down due to the lower level of disbursements this year

This is just a summary. For more charts, ratios and other details visit AFS’s page here

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