KUALA LUMPUR: AEON Credit Service (M) Bhd
is the top loser on Bursa Malaysia in early trade Wednesday despite posting firmer profit for its second quarter ended Aug 31.
The counter fell 2.83%, or 30 sen to RM10.30. It is currently trading at a PE ratio of 9.86 times.
Aeon Credit has posted a 5.46% year-on-year (y-o-y) jump in its net profit to RM51.81mil for its second quarter ended Aug 31. Its revenue came in 10% lower y-o-y at RM363.97mil.
On a half-year financial review basis, Aeon Credit’s net profit declined 41.61% to RM78.09mil mainly due to the disruptions from the movement control order on the company’s operations.
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