World Acceptance Corp (WRLD) small-loan consumer finance  has recorded 2.47 percent increase in profit for the quarter ended Jun. 30, 2014. The company earned $23.11 million or $1.87 a share in the first-quarter compared with $22.56 million or $2.19 a share a year ago. Analysts on average had predicted net income of $2.29 a share.

Revenue during the first-quarter slipped 3.36 percent to $145.26 million from $150.31 million in the last year period.

Total expenses as a percentage of revenues decreased to 74.77 percent from 75.95 percent in the same period last year.

Cash Flow

As on Jun. 30, 2014, the company's cash balance stood at $16.04 million, up 40.75 percent or $4.65 million from Jun. 30, 2013.

Shares of World Acceptance Corp gained $1.47or 1.92percent to trade at $75.28 on Monday.