Aeon Credit optimistic about prospects

PETALING JAYA: Aeon Credit Service (M) Bhd’s earnings prospects appear robust for the new financial year, with growth expected to be driven by personal financing and vehicle financing.

The follows a solid performance by the financial services group for its financial year ended Feb 28, 2023 (FY23), whereby it reported an increase of 14.3% year-on-year (y-o-y) in annual net profit to RM417.7mil and a growth of 7.6% y-o-y in annual revenue to RM1.64bil.