KUALA LUMPUR: AEON CREDIT SERVICE (M) BHD [] net profit for the period ended Nov 20, 2010 rose 12.32% to RM16.04 million from RM14.28 million a year earlier.
This was due mainly to growth in trade receivables over the past year based on increased financing transaction volume on the back of sustained expansion in private consumption and positive consumer confidence despite lower economic growth in the third quarter of 2010.
Revenue rose to RM56.09 million, compared to RM53.16 million last year. Earnings per share was 13.37 sen, while net assets per share was RM2.19.
Commenting on its prospects, the company said on Tuesday, Dec 21 that while economic growth rate in the second half year has been forecast to be moderate, gross domestic product growth forecast for the year was being maintained at 7% by the government.
"The company anticipates to be able to sustain growth in performance in the remainder of the financial year based on its business strategy," it said.
This was due mainly to growth in trade receivables over the past year based on increased financing transaction volume on the back of sustained expansion in private consumption and positive consumer confidence despite lower economic growth in the third quarter of 2010.
Revenue rose to RM56.09 million, compared to RM53.16 million last year. Earnings per share was 13.37 sen, while net assets per share was RM2.19.
Commenting on its prospects, the company said on Tuesday, Dec 21 that while economic growth rate in the second half year has been forecast to be moderate, gross domestic product growth forecast for the year was being maintained at 7% by the government.
"The company anticipates to be able to sustain growth in performance in the remainder of the financial year based on its business strategy," it said.
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