AEON Thana Sinsap (Thailand) Public Company Limited, or AEONTS, reported its operating results for the second quarter of 2570 (June-August 2569), with net profit of 642 million baht, down 18.8% from the same period last year and down 19% from the previous quarter. Total revenue came in at 5,154 million baht, down 5.8% from the same period last year and down 0.3% from the previous quarter, as revenue declined across all business segments. Credit card revenue was 1,482 million baht, down 13.3% from the same period last year and down 5.9% from the previous quarter, accounting for 30% of total revenue. Revenue from lending was 2,206 million baht, down 6.9% from the same period last year and down 0.5% from the previous quarter, accounting for 43% of total revenue. Revenue from hire purchase was 357 million baht, down 1.3% from the same period last year and down 7.5% from the previous quarter, accounting for 7.2% of total revenue. Meanwhile, loans contracted while non-performing loans, or NPLs, rose to 5.9% from 5.6% in the previous quarter. As a result, expected credit losses stood at 2,061 million baht, up 8% from the second quarter of 2569, when they were 1,906 million baht, and up 23.2% from the first quarter of 2570, when they were 1,673 million baht. Although expenses fell to 4,430 million baht, down 0.9% from the same period last year, the decline was smaller than the drop in revenue. Yesterday, October 8, 2569, AEONTS shares closed at 91.25 baht, up 1.11%, with trading value of 117.94 million baht, supported by speculative buying ahead of an interim dividend of 3.00 baht per share, representing a dividend yield of 3.32% based on the closing price on October 7, 2569. The stock will go ex-dividend on October 21, 2569, with payment on November 6, 2569.
AEON Thana Sinsap (Thailand) Public Company LimitedQ2 net profit fell 18.8% with revenue declining across all segments and expected credit losses rising.
