PETALING JAYA: AEON Credit score Service (M) Bhd has recorded one other worthwhile 12 months with a internet revenue of RM365.42mil for the monetary 12 months ended Feb 28, 2022 (FY22), up 56.2% in contrast with its internet revenue of RM233.96mil final 12 months.
That is mirrored within the improve of the monetary service supplier’s earnings per share to 139.17 sen for FY22 from 87.67 sen final 12 months.
The web revenue was contributed by the upper transaction quantity and the improved assortment.
The corporate’s transaction and financing quantity for the ultimate quarter of FY22 (This autumn) registered a rise of 15.8% to RM1.46bil in contrast with RM1.26bil within the earlier corresponding quarter. On a year-on-year foundation, this elevated by 12.8% to RM4.77bil for FY22 in contrast with RM4.23bil in FY21.
Nonetheless, the corporate’s income for This autumn in addition to FY22 decreased by 10.7% and a couple of.4% to RM362.97mil and RM1.52bil, respectively in comparison with the RM406.35mil income for This autumn of FY21 and RM1.56bil for FY21.
The corporate believes this was because of the decrease curiosity revenue recorded from the decrease common financing receivables base.
As well as, the corporate recorded a 79.4% fall in its internet revenue of RM23.38mil for the ultimate quarter of FY22 in contrast with RM113.72mil within the earlier corresponding quarter, which is attributable to the upper allowance for impairment losses on financing receivables.
“The efficiency for the quarter was additionally partly impacted by the surge of the extra contagious Omicron Covid-19 variant which prompted a pointy rise in Covid-19 inflection among the many public and in addition workers,” it mentioned in a press release.
The board of the corporate has beneficial a closing single-tier dividend of 15 sen per share and a particular single-tier dividend of 5 sen per share in respect of FY22, amounting to RM38.30mil and RM12.77mil respectively, totaling RM51.06mil . That is to be paid on July 21, 2022 however topic to the approval of shareholders on the forthcoming AGM.
“Whole dividend payable for FY22 amounted to 48.50 sen with a payout ratio of 33.9%,” it added.
The corporate famous that it’ll stay vigilant in assessing the inherent credit score dangers in its financing portfolios, with proactive consideration targeted on the enhancement of asset high quality, prudent value administration and enchancment in monetary and operational efficiencies by leveraging on its optimistic enterprise fundamentals.
“The corporate is dedicated to constructing on its enterprise sustainability and progress agenda and can proceed enhancing its info know-how capabilities to drive the digitalisation of its operations,” it mentioned.