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Article: Firm expects 30pc sales growth for its credit cards

Article from:
New Straits Times
Article date:
September 14, 2009
Author:
Copyright

Adeline Paul Raj
New Straits Times
09-14-2009
Firm expects 30pc sales growth for its credit cards
Byline: Adeline Paul Raj
Edition: Main/Lifestyle
Section: Business Times
Type: Company

AEON Credit Service (M) Bhd (ACSB), a consumer finance company and relatively new player in the credit card scene here, expects its credit card operations to break even this fiscal year and to start making profits the year after, its chief said.

This will be possible on the back of sales of a new credit card, known as the AEON Card, which it launched last month together with its sister company, AEON Co (M) Bhd, which operates the Jusco department store and supermarket chain.
The card is basically a merged ...

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