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Moneymax posts 1Q earnings surge 85.9% to $2.17 mil on higher revenue and other gains

Samantha Chiew
Samantha Chiew5/15/2018 07:22 PM GMT+08  • 1 min read
Moneymax posts 1Q earnings surge 85.9% to $2.17 mil on higher revenue and other gains
SINGAPORE (May 15): Moneymax Financial Services announced that its 1Q18 earnings have increased by 85.9% to $2.17 million, compared to $1.17 million in 1Q17.
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SINGAPORE (May 15): Moneymax Financial Services announced that its 1Q18 earnings have increased by 85.9% to $2.17 million, compared to $1.17 million in 1Q17.

Revenue was 12.1% higher at $37.3 million from $33.3 million a year ago, due to revenue growth in both the pawnbroking and the retail and trading of pre-owned items segments.

Other gains rose by 124.3% to $0.68 million from $0.30 million last year, mainly due to foreign exchange gains attributable to the strengthening of MYR in 1Q18.

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