Aeon Credit interim income falls to HK$152m

Wednesday, September 30, 2020

Aeon Credit Service (Asia) Company (0900) said  net profit for the six months ended August shrank by 20 percent from a year ago to HK$152 million.

The company declared an interim dividend of 22 HK cents.

Revenue dropped by 12 percent year-on-year to HK$574 million and net interest income also fell 10 percent to HK$475 million, as the coronavirus pandemic almost brought a complete halt to domestic and overseas spending, with a reduction in overall sales.

Handling and late charges dropped by 9.8 percent from the year-before to HK$35.1 million following a drop in demand for cash advances in the six months ended August.

The company has received government subsidies of HK$5.9 million under the Employment Support Scheme.

Shares in Aeon climbed 4.29 percent higher to HK$5.11 as of 1:30 pm.