Aeon Credit net profit tumbles 79% in 4Q

KUALA LUMPUR: AEON Credit Service (M) Bhd’s net profit fell 79.4% to RM23.38mil in the fourth quarter ended Feb 28 from RM113.71mil a year ago.

Its revenue of RM362.97mil was lower by 10.7% as compared to RM406.35mil posted a year prior mainly due to lower average financing receivables as compared to the corresponding preceding year.

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