Home Capital Results

ValueMax reports 55% rise in FY16 earnings to $16 mil

PC Lee
PC Lee2/21/2017 05:41 PM GMT+08  • 1 min read
ValueMax reports 55% rise in FY16 earnings to $16 mil
SINGAPORE (Feb 21): ValueMax Group reported a 54.9% rise in FY16 earnings to nearly $16 million from $10 million a year ago despite a 6.2% fall in revenue to $253 million.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Feb 21): ValueMax Group reported a 54.9% rise in FY16 earnings to nearly $16 million from $10 million a year ago despite a 6.2% fall in revenue to $253 million.

Revenue from retail and trading of pre-owned jewellery and gold business decreased by $23.6 million while revenue from pawnbroking increased by $1.9 million. Revenue contribution from the moneylending business increased by $5.0 million in FY16.

Gross profit margin improved to 14.2% in FY16 from 10.3% in FY15.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.