KUALA LUMPUR: Aeon Credit Service (M) Bhd ’s share price fell 1.16% in early trade despite reporting higher net profit for the third quarter ended Nov 30, 2017. Aeon Credit posted a 5.2% rise in third-quarter net profit on higher financing receivables and other operating income. Net profit for the three months ended Nov 30, 2017 rose to RM70.55mil from RM67.05mil a year ago. For the nine months to Nov 30, Aeon Credit posted a net profit of RM217.7mil on revenue of RM925.9mil. The research house has maintained its “buy” call on Aeon Credit with an unchanged target price of RM14.75.

Source: The Star December 22, 2017 02:26 UTC