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ASA International Group PLC - Weybridge, Surrey-based microfinance lender - As at May 31, liquidity remains high with $103 million in unrestricted cash. Pipeline of funding deals under negotiation stands at $203 million, while all operating subsidiaries other than India and Myanmar achieve collection efficiency of more than 90%.
Client numbers remain stable at 2.4 million, however strategic reduction of disbursements in India and Sri Lanka cause gross outstanding loan portfolio to drop 12% year-on-year to $414 million
Current stock price: 86.50 pence, down 3.9% on Thursday
12-month change: down 37%
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