(from left) Visa Country Manager Ng Kong Boon, Aeon BiG Managing Director Mitsuru Nakata and Aeon Credit Service Executive Director Kenji Fujita hold up the Gold (left) and Classic Aeon BiG Visa credit cards, with a giant payWave scanner to launch the new cards' release into the Malaysian credit card market.
KUALA LUMPUR: Aeon Credit Service (M) Bhd
reported a net profit of RM53.36mil for the third quarter (Q3) ended Nov 30, 2015, an increase of 10.5% from the quarter ended Nov 20, 2014 amid a higher transaction and financing volume.
The consumer financing provider, which early this year changed its financial year end from Feb 20 to Feb 28, told Bursa Malaysia that revenue for the quarter grew to RM245.78mil, a 13.7% rise compared with the quarter to Nov 20 last year.
It said total transaction and financing volume in Q3 had increased by 8.71% to RM921.621mil.
Non-performing loans (NPL) ratio was 2.68% as at Nov 30, 2015, compared to 3.07% as at Nov 20, 2014.
“In view of the current performance, the company is optimistic of maintaining its performance in the financial year ending Feb 29, 2016 based on scheduled implementation of its business plan,” it said.
The Main Board-listed Aeon Credit is a 59.7% owned subsidiary of Tokyo-listed Aeon Financial Service Co Ltd.
Aeon Credit shares shed 2 sen to close at RM11.78 on Tuesday.
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