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World Acceptance Corp (symbol: WRLD) is headquartered at 113 E 4th St, Ocilla, Georgia, United States. The company operates a comprehensive small-loan consumer finance business, specializing in providing financial solutions tailored to individuals' needs. Their core offerings include short-term small installment loans, medium-term larger installment loans, as well as related credit insurance and ancillary products and services.
World Acceptance Corp also extends its expertise to offer income tax return preparation services to both its loan customers and other clients. The company's mission is to provide accessible financial services that address the immediate and long-term needs of their clientele.
Recent achievements at World Acceptance Corp include a focus on enhancing their product portfolio and expanding their service offerings. Current projects involve developing new customer-friendly financial products and improving the digital experience for users.
Financially, the company maintains a robust position with steady growth in revenue reflecting their strategic initiatives and customer-centric approach. Through effective partnerships and continuous innovation, World Acceptance Corp strives to meet the evolving financial needs of individuals across diverse demographics.
World Acceptance Corporation (WRLD) reported third quarter fiscal 2023 results, showing a net income of $5.8 million, or $0.98 per share, a decrease from $7.3 million, or $1.14 per share, in the prior year. Total revenues declined 1.4% to $146.5 million, impacted by a 1.5% drop in interest and fee income. However, cash flow from operations surged 21.5% to $203.3 million over nine months. Notably, gross loans outstanding fell 3.2% to $1.55 billion, attributed to tightened underwriting and reduced marketing. The company aims to adjust underwriting practices as performance indicators for new borrowers improve.
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