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Maxi-Cash 2Q19 earnings fall 20% to $2.8 mil on lower revenue, higher depreciation and expenses

Uma Devi
Uma Devi • 1 min read
Maxi-Cash 2Q19 earnings fall 20% to $2.8 mil on lower revenue, higher depreciation and expenses
SINGAPORE (Aug 8): Maxi-Cash Financial Services reported 2Q19 earnings of $2.8 million, 20% lower than $3.5 million in the same quarter last year.
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SINGAPORE (Aug 8): Maxi-Cash Financial Services reported 2Q19 earnings of $2.8 million, 20% lower than $3.5 million in the same quarter last year.

Correspondingly, earnings per share for the group fell to 0.27 cents in 2Q18.

Revenue for the quarter fell 19% to $45.4 million from $55.7 million a year ago, due primarily to lower sales from the retail and trading of jewellery and branded merchandise business.

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