Great Ajax Corp (AJX) has reported 75.93 percent plunge in profit for the quarter ended Dec. 31, 2016. The company has earned $5.96 million, or $0.33 a share in the quarter, compared with $24.75 million, or $1.68 a share for the same period last year. Revenue during the quarter surged 765.75 percent to $10.97 million from $1.27 million in the previous year period.
Gross margin for the quarter stood at 100 percent.
Total expenses were $4.25 million for the quarter, down 63.62 percent or $7.43 million from year-ago period. Operating margin for the quarter was at 61.28 percent.
Operating income for the quarter was $6.72 million, compared with an operating loss of $10.41 million in the previous year period.
Net receivables were at $18.80 million as on Dec. 31, 2016, up 245.41 percent or $13.36 million from year-ago.
Investments stood at $870.59 million as on Dec. 31, 2016, up 56.90 percent or $315.71 million from year-ago.
Total assets jumped 55.58 percent or $342.02 million to $957.40 million on Dec. 31, 2016. On the other hand, total liabilities were at $674.68 million as on Dec. 31, 2016, up 78.69 percent or $297.11 million from year-ago.
Return on assets moved down 542 basis points to 0.64 percent in the quarter. At the same time, return on equity moved down 828 basis points to 2.11 percent in the quarter.
Shareholders equity stood at $282.72 million as on Dec. 31, 2016, up 18.88 percent or $44.91 million from year-ago. As a result, debt to equity ratio went up 79 basis points to 2.37 percent in the quarter.
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