Credit Bureau Asia Limited (“CBA”, “亚洲征信有限公司” and together with its subsidiaries, the “Group”), a leading player in the credit and risk solutions market in Southeast Asia, is pleased to announce for the full year ended 31 December 2023 (“FY2023”), revenue grew 11% to S$54.2 million and net profit before tax grew 17% to S$26.7 million. PATMI grew 17% to S$9.8 million.

Commenting on the results, Mr Kevin Koo, founder and Executive Chairman of CBA, remarked: “We delivered broad-based outstanding revenue and profit growth, and finished the year strongly. The Board is recommending a final dividend of 2.0 Singapore cents per ordinary share, an increase of 18% over the same period last year, bringing the total dividend payout for FY2023 to 3.7 Singapore cents per ordinary share.”

Our non-FI Data Business in Singapore and Malaysia continue to expand and increase market penetration through introducing new products and services to our customers. Profit before tax for our non-FI Data Business increased 17% in FY2023 to S$12.9 million. This is despite the World Trade Organization lowering its 2023 trade growth forecast amid a global manufacturing slowdown.

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