Valuemax Q2 earnings surge 46% at S$3.9m
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
VALUEMAX Group Limited's Q2 net profit surged 46 per cent to S$3.9 million from the year-ago period, it said in a Singapore Exchange filing on Monday evening.
For the three months ended June 30, revenue dropped 10 per cent to S$64.9 million compared to the corresponding period last year.
The fall in revenue - attributable to lower earnings from its retail and trading of pre-owned jewellery and gold - was slightly offset by the increase in income from pawnbroking and moneylending.
Q2 earnings per share increased to 0.74 Singapore cent from 0.51 Singapore cent in the previous year. Net asset value per share edged up to 29.61 Singapore cents as at June 30, from 29.14 Singapore cents six months ago.
No dividend was proposed. The counter rose 0.5 Singapore cent or 1.96 per cent to close at S$0.26 on Monday before the results were released.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
