Aeon Credit posts higher net profit

  • Business
  • Friday, 26 Apr 2019

The company also announced an interim single-tier dividend of 22.25 sen per share for the financial year ending Feb 28, 2019 (FY19). The dividend will be paid out to shareholders on Nov 8, while the entitlement date will be Oct 18.

KUALA LUMPUR: AEON CREDIT SERVICE (M) BHD’s net profit rose 6.4% to RM87.6mil in its fourth quarter (4Q) of its financial year ended Feb 28, 2019, from RM82.3mil a year ago on higher revenue and other income.

The financial services announced a final interim dividend of 22.35 sen, bringing the total dividend declared for FY19 to 44.6 sen, compared with 41.13 sen a year ago.

During the quarter in review, Aeon Credit’s revenue grew 16.3% to RM359.5mil from RM309.2mil previously. Its earnings per share (EPS) fell to 33.04 sen from 38.44 sen previously.

For FY19, Aeon Credit’s net profit jumped 18.2% to RM354.6mil from RM300.1mil a year ago, while its revenue grew 10.5% to RM1.37bil from RM1.24bil in the preceding year.

Its EPS stood at RM1.34 in FY19, compared with RM1.39 in FY18.

Moving forward, Aeon Credit expects to maintain its financial performance for FY20 on the back of scheduled implementation of its business plan and leveraging on the strength of the Aeon brand.

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