AEON Credit posts pre-tax profit of RM95.79 million in Q2

AEON Credit Service (M) Bhd has posted a higher pre-tax profit of RM95.79 million for the second quarter ended Aug 31, 2017 compared with RM73.18 million in the same period a year ago.

Revenue rose 15.7 percent to RM311.32 million from RM269.13 million previously.

In a filing to Bursa Malaysia today, the consumer financing provider said the better performance was mainly attributable to the higher total transaction and financing volume, which increased by 5.1 percent to RM1.03 billion, and by 4.7 percent to RM2.08 billion, respectively.

The company's pre-tax profit rose 25.7 percent to RM197.66 million for the six months period ended Aug 31, 2017, from RM157.23 million in same period previously, while revenue increased 15.6 percent to RM613.60 million from RM503.77 million before.

On prospects, AEON Credit said it expected to maintain its financial performance for the financial year ending Feb 28, 2018, based on the scheduled implementation of its business plan. -- Bernama