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ValueMax sees 36.8% y-o-y improvement in 1HFY2022 earnings of $25.2 mil

Felicia Tan
Felicia Tan8/10/2022 06:30 PM GMT+08  • 2 min read
ValueMax sees 36.8% y-o-y improvement in 1HFY2022 earnings of $25.2 mil
Looking ahead, the group sees gold prices remaining volatile amid a further increase in interest rates.
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ValueMax has reported earnings of $25.2 million for the 1HFY2022 ended June, 36.8% higher than earnings of $18.4 million in the same period the year before.

The earnings growth was due to higher revenues from the group’s retail and trading of jewellery and gold business, pawnbroking and moneylending business.

As a result, total revenue for the period increased by 16.6% y-o-y to $153.4 million.

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