Kuala Lumpur – AEON Credit Service (M) Berhad (AEON Credit or the Company) posted a net profit of RM48.49 million for the second quarter ended 31 August 2015, representing an increase of 2.2% from a net profit of RM47.43 million recorded for the quarter ended 20 August 2014. Total revenue for the second quarter of RM228.72 million represented growth of 9.3% over the previous quarter ended 20 August 2014 revenue of RM209.32 million.

For the six months ended 31 August 2015, the Company’s net profit rose 2.9% to RM106.73 million compared with the six months ended 20 August 2014. Meanwhile, the total revenue had increased by 12.4% to RM461.16 million compared with the six months ended 20 August 2014.

Total financing receivables as at August 2015 was RM4.91 billion, representing growth of 19.5% from RM4.11 billion in the previous year second quarter. As at August 2015 the nonperforming loans (NPL) ratio was 2.58%, compared with 2.65% in August 2014. Similar to the previous quarter, vehicle financing operations recorded stronger growth in financing receivables and revenue in the second quarter of FYE2016.