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MoneyMax posts 20% rise in 2Q earnings to $1.7 mil

PC Lee
PC Lee8/8/2017 10:30 PM GMT+08  • 1 min read
MoneyMax posts 20% rise in 2Q earnings to $1.7 mil
SINGAPORE (Aug 8): MoneyMax Financial Services reported a 19.9% rise in 2Q17 earnings to $1.7 million from $1.4 million a year ago.
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SINGAPORE (Aug 8): MoneyMax Financial Services reported a 19.9% rise in 2Q17 earnings to $1.7 million from $1.4 million a year ago.

Revenue increased by 36.9% to $41.1 million, lifted by an increase in revenue from both the pawnbroking and the retail and trading of pre-owned items segments.

Material costs increased 44% to $30.3 million in 2Q17 from a year ago in line with the increase in revenue from both the retail and trading of pre-owned items segments.

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