Sutherland Asset Management (ZFC) has reported 28.59 percent fall in profit for the quarter ended Sep. 30, 2016. The company has earned $8.79 million, or $0.28 a share in the quarter, compared with $12.31 million, or $0.40 a share for the same period last year.
Accounts payable surged 42.82 percent or $7.88 million to $26.26 million on Sep. 30, 2016.
Investments stood at $1,724.62 million as on Sep. 30, 2016, up 223.47 percent or $1,191.45 million from year-ago.
Total assets jumped 175.79 percent or $1,369.58 million to $2,148.68 million on Sep. 30, 2016. On the other hand, total liabilities were at $1,664.05 million as on Sep. 30, 2016, up 179.24 percent or $1,068.12 million from year-ago.
Return on assets moved down 123 basis points to 0.45 percent in the quarter. At the same time, return on equity moved down 491 basis points to 1.81 percent in the quarter.
Debt moves upTotal debt was at $611.86 million as on Sep. 30, 2016, up 15.38 percent or $81.56 million from year-ago. Shareholders equity stood at $484.63 million as on Sep. 30, 2016, up 164.58 percent or $301.46 million from year-ago. As a result, debt to equity ratio went down 163 basis points to 1.26 percent in the quarter.
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