Friday, June 18, 2010

Aeon Credit up on online shopping, prepaid card plans

KUALA LUMPUR: AEON CREDIT SERVICE (M) BHD [] share price rose on Wednesday, June 16 after the company said it aims to launch two new ventures, namely their online shopping mall business in the first quarter of 2011 and the prepaid card business in the financial year ended February 2012 (FY2012).

At 9.27am, the counter gained three sen to RM3.86 with 9,500 shares traded.

For its first quarter ended May 20, 2010, the company's net profit grew 8.2% to RM13.2 million on the back of revenue RM53.02 million.

Aeon Credit said its easy-payment business for financing of consumer durables and motorcycles continued to register growth in revenue on the back of growth in trade receivables over the past year.


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