Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.
KUALA LUMPUR: Eastern and Oriental Bhd
posted a net loss of RM8.8mil for the third quarter ended Dec 31, 2018 from a net profit of RM21.98mil in the same period the previous year.
Revenue fell to RM256.95mil versus RM331.90mil, with the company recording a loss per share of 0.67 sen versus earnings per share of 1.68 sen.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
