ValueMax raises dividend after higher full-year earnings

VALUEMAX'S net profit for financial year 2016 shot up 54.9 per cent to S$15.6 million from the previous year, the group said in a Singapore Exchange filing on Tuesday evening.

For the 12 months ended Dec 31, revenue dropped 6.2 per cent to S$253.3 million from the previous year.

Earnings per share for the FY grew to 2.92 Singapore cents from 1.88 Singapore cents in the previous year. The group raised its dividend per share to 1.08 Singapore cents, from 0.95 Singapore cent in the preceding year.

ValueMax shares closed S$0.015 or 5.7 per cent higher at S$0.28 on Tuesday before the results.