AEONTS Records 35% Increase in 3Q22 Earnings with Significant Gains from Write-off Receivables

Aeon Thana Sinsap (Thailand) Public Company Limited (SET: AEONTS) has announced its 3Q22, ending November 2022, consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 3Q22 3Q21
Net Profit (Loss)
Million Baht
1,103.79 814.96
Earning Per Share
4.4200 3.2600
% Change 35.44
9 Months 2022 2021
Net Profit (Loss)
Million Baht
3,122.19 2,642.50
Earning Per Share (Baht) 12.4900 10.5700
% Change 18.15

AEONTS reported a net profit of 1,103 million baht in its FY3Q22, increased 35.44% from a net profit of 814 million baht in 3Q21.

The company recorded 17% increase in credit card income at 1,960 million baht, compared to the same period of last year. Moreover, the company recorded a significant increase in other income with an increase by 53% YoY to 1,016 million baht from bad debt recovery and gain on sales of written-off receivables.

Meanwhile, bad debt recovery increased by 7% YoY.