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Credit Bureau Asia reports 1HFY2022 earnings of $4 mil, eyes positive impact from digital banks

The Edge Singapore
·1-min read

The company expects 'positive impact' from the launch of the digital banks

Credit Bureau Asia has reported earnings of $4 million for 1HFY2022 ended June, up 2% y-o-y. Revenue in the same period was up 5% to $23.5 million.

“In spite of the challenging environment, we are able to register a resilient performance for the first half of the year,” says executive chairman Kevin Koo.

“Moving forward, we will focus on growing our business, identifying new opportunities and optimising cost through increasing productivity,” he adds.

The company plans to pay an interim dividend of 1.7 cents per share.

The company believes that with the four digital banks having either launched or poised to be in business, it can expect to enjoy a positive impact.

Outside of Singapore, such as Cambodia, its business there “exceeds expectations”.

Credit Bureau Asia closed Aug 5 at $1.01, down 0.98%.

 

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