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ValueMax posts lower profit, revenue

Business environment will continue to be challenging, says the pawnbroker

Published Tue, Feb 17, 2015 · 09:50 PM

Singapore

PAWNBROKER ValueMax Group on Tuesday reported a 3.9 per cent dip in net profit to S$9 million for its full year ended Dec 31, 2014. Full-year earnings per share fell to 1.69 Singapore cents, from 2.32 cents a year ago. This was on the back of an 8.1 per cent drop in revenue to S$324.5 million.

"Revenue from retail and trading of pre-owned jewellery and gold business decreased by S$28.4 million while revenue from pawnbroking remained relatively stable," it said.

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