KUALA LUMPUR: AEON CREDIT SERVICE (M) BHD [] net profit for the fourth quarter ended Feb 20, 2011 rose 35.6% to RM19.4 million from RM14.31 million a year earlier, mainly due to growth in trade receivables on the back of increased financing volume.
Its revenue for the quarter rose 17.06% to RM73.72 million from RM62.98 million in 2010. Earnings per share was 16.17 sen while net assets per share was RM2.35.
The company recommended a final gross interim dividend of 15 sen per share.
For the financial year ended Feb 20, 2011, Aeon Credit's net profit rose to RM63.43 million from RM54.27 million a year earlier, on the back of an 8.53% increase in revenue to RM269.61 million from RM248.41 million.
On its current year prospects, Aeon Credit said economic growth for 2011 had been forecast at 5% to 6%, with expansion of domestic demand, particularly private consumption, boosted by the implementation of the Economic Transformation Programme.
'The company anticipates to be able to sustain growth in performance for the next financial year based on its business strategy,' it said on Tuesday, April 19.
Its revenue for the quarter rose 17.06% to RM73.72 million from RM62.98 million in 2010. Earnings per share was 16.17 sen while net assets per share was RM2.35.
The company recommended a final gross interim dividend of 15 sen per share.
For the financial year ended Feb 20, 2011, Aeon Credit's net profit rose to RM63.43 million from RM54.27 million a year earlier, on the back of an 8.53% increase in revenue to RM269.61 million from RM248.41 million.
On its current year prospects, Aeon Credit said economic growth for 2011 had been forecast at 5% to 6%, with expansion of domestic demand, particularly private consumption, boosted by the implementation of the Economic Transformation Programme.
'The company anticipates to be able to sustain growth in performance for the next financial year based on its business strategy,' it said on Tuesday, April 19.
No comments:
Post a Comment