KUALA LUMPUR: AEON Credit score Service (M) Bhd‘s internet revenue fell 79.4% to RM23.38mil within the fourth quarter ended Feb 28 from RM113.71mil a 12 months in the past.
Its income of RM362.97mil was decrease by 10.7% as in comparison with RM406.35mil posted a 12 months prior primarily resulting from decrease common financing receivables as in comparison with the corresponding previous 12 months.
Whole transaction and financing quantity within the present quarter of RM1.463bil was greater by 15.8% as in comparison with the corresponding previous 12 months.
Aeon Credit score mentioned its gross financing receivables as at Feb 28 of RM9.85bil was decrease by RM200.74mil final 12 months.
The online financing receivables after allowance for impairment loss was RM9.10bil as at Feb 28 as in comparison with RM9.23bil a 12 months prior. Non-performing loans (NPL) ratio was 2.66% as at Feb 28 as in comparison with 2.46% in the identical quarter final 12 months.
“Total efficiency for the quarter was additionally partly impacted by the extremely contagious Omicron Covid-19 variant which prompted a pointy rise in an infection among the many public and likewise employees,” Aeon Credit score mentioned within the notes accompanying its monetary outcomes.
For the total monetary 12 months ended Feb 28, Aeon Credit score posted a internet revenue of RM365.41mil, up 56.2% from RM233.96mil from a 12 months prior, whereas income was marginally decrease at RM1.52bil towards RM1.56bil beforehand.
The board has proposed a remaining single-tier dividend of 15.00 sen per share and a particular single-tier dividend of 5.00 sen per share in respect of the monetary 12 months ended Feb 28 amounting to RM38.29mil and RM12.766mil respectively, totaling RM51. 06mil.
The dividend will probably be paid on July 21 with an ex-date of July 6.
Aeon Credit score mentioned it will proceed to stay vigilant in assessing the inherent credit score dangers in its financing portfolios, with proactive consideration centered on the enhancement of asset high quality, prudent price administration and enchancment of economic and operational efficiencies by leveraging on its constructive enterprise fundamentals.
“The group is dedicated to constructing on its enterprise sustainability and progress agenda and will probably be repeatedly enhancing its data expertise capabilities to drive the digitalisation of its operations.
“Barring any unexpected circumstances, the group expects to have the ability to keep its monetary efficiency by setting up the mandatory measures for the monetary 12 months ending Feb 28, 2023,” it mentioned.