Kuala Lumpur – AEON Credit Service (M) Berhad (AEON Credit or the Company) posted a net profit of RM55.19 million for the second quarter ended 31 August 2016, representing an increase of 13.83% from a net profit of RM48.49 million recorded for the quarter ended 31 August 2015. Total revenue for the current second quarter of RM269.13 million represented growth of 17.67% over the revenue of RM228.72 million of the previous corresponding quarter ended 31 August 2015.

For the six months ended 31 August 2016, the Company’s net profit rose 10.49% to RM117.92 million compared with RM106.73 million for the six months ended 31 August 2015.Total revenue for the six months ended 31 August 2016 was RM530.77 million, an increase of 15.09%, compared with RM461.16 million for the six months ended 31 August 2015.

The financing receivables as at 31 August 2016 was RM5.92 billion, representing an increase of 20.6% from RM4.91 billion as at 31 August 2015. As at 31 August 2016, the nonperforming loans (NPL) ratio was 2.43% compared to 2.58% as at 31 August 2015.

The Company expects to be able to maintain its financial performance in the year ending 28 February 2017 despite challenges posed by the Malaysian and global economy.