Thursday 28 Mar 2024
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KUALA LUMPUR (Sept 27): Aeon Credit Service (M) Bhd shares fell 5.08% this morning after its net profit dropped 39.1% to RM49.13 million for 2Q ended Aug 31, 2019 (2QFY20) from RM80.64 million a year ago, on increased impairment losses. Revenue, however, was up by 21.8% to RM404.45 million from RM332.09 million, on higher total transactions and financing volume which rose 23%.

At 9.05am, Aeon Credit lost 76 sen to RM14.20 for a market capitalisation of RM3.56 billion.

Aeon Credit declared an interim dividend of 22.25 sen per share, payable on Nov 7.

The group's net profit for the cumulative six months (1HFY20) fell 25.7% to RM133.73 million from RM179.88 million a year ago, despite revenue growing 19% to RM783.03 million from RM657.81 million.

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