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Maxi-Cash reports 17% rise in FY17 earnings to $13.3 mil

PC Lee
PC Lee2/26/2018 07:02 PM GMT+08  • 2 min read
Maxi-Cash reports 17% rise in FY17 earnings to $13.3 mil
SINGAPORE (Feb 26): Maxi-Cash reported a 17% rise in FY17 earnings to $13.3 million from a year ago on higher revenue.
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SINGAPORE (Feb 26): Maxi-Cash reported a 17% rise in FY17 earnings to $13.3 million from a year ago on higher revenue.

Revenue rose 15% to $188.4 million led by higher interest income from the pawnbroking business, higher sales from the retail and trading of jewellery and branded merchandise business, and maiden contribution from the secured lending business.

Revenue contribution from the pawnbroking business increased by about 6.9% in FY17. The increase was primarily attributed to the higher interest income from its growing pledge book.

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