Credit Bureau Asia's 1HFY2023 earnings up 18% y-o-y

The company plans to maintain its interim dividend at 1.7 cents

Credit Bureau Asia has reported earnings of $4.7 million for 1HFY2023, up 18% y-o-y. Revenue in the same period was up 12% to $26.4 million, with all-round growth contributed from its various business lines.

Despite the higher earnings, the company, which provides credit and risk information solutions market in Southeast Asia, has maintained its interim dividend at 1.7 cents per share.

"The gradual resumption of trade activities locally and globally, as well as an increase in compliance and due diligence related searches gave a significant boost to our non-FI data
business," says CBA on Aug 7.

"We expect the current trend to continue for the rest of the year barring unforeseen circumstances," the company adds.

According to CBA, the maturing digital bank sector in Singapore also means more products and services are being introduced to the market, and CBA is benefiting from their customer acquisition and monitoring activities.

CBA shares closed Aug 7 at 92 cents up 0.55% for the day and unchanged year to date.

See Also:

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