AEON Credit Service (M) Berhad (AEON Credit or the Company) has reported a net profit of RM67.05 million for the third quarter ended 30 November 2016, representing an increase of 25.66% from a net
profit of RM53.36 million recorded for the quarter ended 30 November 2015. Total revenue for the third quarter of RM280.35 million represented growth of 14.06% over the revenue of RM245.78 million of the previous corresponding quarter ended 30 November 2015.

For the nine months ended 30 November 2016, the Company’s net profit rose 15.54% to RM184.97 million compared with the nine months ended 30 November 2015.Meanwhile, total revenue increased by 14.74% to RM811.11 million compared with RM706.94 million for the nine months ended 30 November 2015.

The financing receivables as at 30 November 2016 was RM6.21 billion, representing an increase of 20.65% from RM5.15 billion as at 30 November 2015, with higher growth registered for personal financing and vehicle financing portfolios. Nonperforming loans (NPL) ratio was 2.33% as at 30 November 2016 compared to 2.68% as at 30 November 2015.

The Company expects to be able to maintain its current financial performance for the year ending 28 February 2017.