ASA International Group PLC (ASAI) Q2 2023 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.540 Good morning, good afternoon or good evening, dear investors, lenders, potential 00:00:05.540 -- 00:00:10.749 investors, raters and all interested parties to ASHA International. 00:00:10.749 -- 00:00:15.937 Warm welcome to our webcast on the H1 results 00:00:15.937 -- 00:00:19.019 presentation for 2023. 00:00:19.100 -- 00:00:24.949 and we're happy to take you along our results as well as to the outlook. 00:00:24.949 -- 00:00:28.675 I'm here in London in the room with Tanvir 00:00:28.675 -- 00:00:33.863 Rahman, our CFO, with Misha Asink, our Chief Investor 00:00:33.863 -- 00:00:38.932 Relations, and also chief accountant. And we're happy to go 00:00:38.932 -- 00:00:41.477 through the presentation with the results. 00:00:41.477 -- 00:00:46.746 Also on our webcast, you will find our press release as well 00:00:46.746 -- 00:00:53.014 as business updates, and the presentation given will also be shared there. 00:00:55.988 -- 00:00:59.372 Starting on the highlights of the performance, 00:00:59.372 -- 00:01:03.156 we can summarize that the operational performance has improved. 00:01:03.156 -- 00:01:08.421 And at the same time, we face disappointing financial performance due to external 00:01:08.421 -- 00:01:13.927 factors mainly. If you look to the number of clients, then 00:01:13.927 -- 00:01:17.932 as you know, we do have a deliberate shrinking strategy in India. 00:01:17.932 -- 00:01:23.758 And that's mostly why the total number of clients went down in combination with 00:01:23.758 -- 00:01:30.004 the impact of Nigeria, where there were elections and demonetization. 00:01:30.487 -- 00:01:35.535 The number of branches is growing slightly, and if you look to our pre-tax profit, 00:01:35.535 -- 00:01:37.735 it's 13.8 00:01:37.778 -- 00:01:...