Author: hermelindapotts
AEON Credit Announces Net Profit For the First Nine Months of FY2021/22 Up by 5.6% to HK$243.3 Million Through Successful Promotion Programs and Healthy Credit Portfolio
AEON Credit Service (Asia) Company Limited (“AEON Credit” or the “Group”; HKEX: 00900) announced today its unaudited results for the nine months ended 30 November 2021 (“nine months of FY2021/22”). Despite the unprecedented headwinds from the pandemic, the launch of various promotion programs to capture recovering credit card spending, resulted in sales for the nine months of FY2021/22 increasing by 21.0% year-on-year. However, this surge in credit card sales had yet to start pushing revolving credit card balances and personal loan receivables back up to pre-pandemic level. As a result, revenue was down 8.3% year-on-year to HK$770.3 million. Nonetheless, due ... Read more