Aeon Credit Q1 net profit falls marginally to RM163.06m

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KUALA LUMPUR, July 4 — Aeon Credit Service Bhd posted a marginal drop in net profit to RM163.06 million in the first quarter (Q1) ended May 31, 2022 compared with RM163.09...

KUALA LUMPUR, July 4 — Aeon Credit Service Bhd posted a marginal drop in net profit to RM163.06 million in the first quarter ended May 31, 2022 compared with RM163.09 million in the preceding year’s corresponding quarter.

Meanwhile, in a separate statement, Aeon Credit said the gross financing receivables in Q1 registered a slight decrease of RM61.87 million to RM10.00 billion compared with RM10.06 billion recorded previously. On prospects, it said the group was cautiously optimistic that business revenue would eventually increase to the pre-pandemic level.

 

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