Maxi-Cash Financial Services has posted earnings of $29.3 million for the FY2020 ended December, 97% higher than earnings of $14.8 million.

The higher earnings was mainly attributable to higher revenue, and rental income, which more than doubled during the year.

Revenue for the FY2020 grew 20% y-o-y to $262.8 million due to higher contribution from the retail and trading of jewellery and branded merchandise. This was partly offset by a decrease in revenue from the pawnbroking business and secured lending business.

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