Home News ASA International 2021 Pretax Profit Rose on Covid-19 Recovery; Shares Rise

ASA International 2021 Pretax Profit Rose on Covid-19 Recovery; Shares Rise

ASA International 2021 Pretax Profit Rose on Covid-19 Recovery; Shares Rise

Shares in ASA International Group PLC were up early Tuesday after the company said that pretax profit for 2021 increased significantly, driven by recovery from the Covid-19 pandemic.

Shares at 0709 GMT were up 12.0 pence, or 17%, at 82.0 pence.

The London-listed microfinance company said pretax profit was $25.7 million, up from $2.6 million in 2020. However, it was below prepandemic levels of 2019 when it reported $54.3 million.

Net profit was $6.4 million compared with a net loss of $1.4 million in 2020.

The company said it expects performance in 2022 to improve as it benefits from a positive first quarter.

It said liquidity remains high, with approximately $103 million of unrestricted cash as at March 31, and a pipeline of funding deals of around $205 million under negotiation.

Eskalera, a Startup Led by Goldman Sachs’ Former HR Head Has Launched a Diversity and Inclusion Index

Eskalera, a technology startup led by Goldman Sachs former human resources head Dane Holmes, has launched an index to measure corporate diversity and inclusiveness,...

HSBC to Remove 35,000 Jobs Amidst Covid-19 Crises

HSBC Holdings Plc has restarted cutting as many as 35,000 jobs, three months after the coronavirus outbreak forced it to pause a long-awaited overhaul...

Genpact Offers Its Internal Skill Training Program Globally for Everyone

Genpact has announced Adapt and Rise, a role-based online learning platform that leverages Genpact's expertise honed from delivering real-world change for hundreds of clients....

San-Francisco Based Learning Platform Degreed Has Raised $32 Million in New Funding

The upskilling platform, Degreed, has announced $32 million in new funding in direct response to overwhelming demand for better skill insights, talent mobility, and...

Research Shows the Implications of Workplace Layouts on Employee Productivity and Overall Performance

As some workplaces prepare for the gradual return of employees and overhaul office layouts and seating plans, research has shown this could also have...

Employee Concierge ‘Back Technologies’ Integrates Automation Into Internal HR and Other Support Tasks

Companies are under increasing pressure to automate workflows and digitally service their employees, particularly in light of trends toward remote work. It takes an...

HR Strategies to Help Your Business Navigate the New ‘Normal’

No business is immune to the massive changes resulting from the health crisis. Organizations have proven themselves to be agile, and employees have demonstrated...

The Importance Of Diversity And Inclusion In HR, Hiring, Talent Management: Thoughts From A Top Expert

Michael C. Hyter is one of today’s best-known experts on inclusion and diversity and the author of The Power of Choice: Embracing Efficacy to Drive Your Career and The...

HR Expert Highlights Actionable Steps to ‘Make Real Change’ Against Racism in Your Workplace

Kyra Leigh Sutton, Ph.D., is a faculty member at the Rutgers University School of Management and Labor Relations, where she teaches human resources courses...

Adidas Employees Want Company to Investigate HR Chief for Response to Racial Issues

A group of Adidas employees from around the globe is asking the company to investigate its chief human resources officer, as part of a...