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Moneymax's Q3 profit soars 132%

Thursday, November 10, 2016 - 22:34

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REVENUE growth from the pawn broking and the retail and trading of pre-owned items lifted results for Moneymax in its third quarter.

REVENUE growth from the pawn broking and the retail and trading of pre-owned items lifted results for Moneymax in its third quarter.

Net profit soared 132 per cent to S$1.71 million from the preceding year, the group said in a Singapore Exchange filing on Thursday.

Earnings per share climbed to 0.48 Singapore cent from 0.21 Singapore cent in the previous year.

For the three months ended Sept 30, revenue leapt 34 per cent to S$31.67 million from the year-ago period.

Nine-month net profit was up 131 per cent to S$4.69 million on 33 per cent increase in revenue to S$90.41 million.

The consolidated statement of Moneymax for FY2015 has been restated to reflect the fair value of the identifiable assets, liabilities and contingent liabilities attributed to the acquisition of its Malaysian pawnshops.

sentifi.com

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