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MoneyMax posts 11.3% growth in FY2022 earnings to $22.1 mil

Samantha Chiew
Samantha Chiew • 2 min read
MoneyMax posts 11.3% growth in FY2022 earnings to $22.1 mil
MoneyMax sees growth in FY2022.
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MoneyMax (SGX:5WJ) announced that its FY2022 ended Dec 31, 2022, earnings increased by 11.3% y-o-y to $22.1 million from $19.8 million a year ago.

This comes on the back of a 27.2% y-o-y increase in revenue to $253.5 million from $199.2 million last year.

For the 2HFY2022 period, the group’s earnings declined by 18.8% y-o-y to $9.1 million, mainly due to increase in finance costs, lower government grants and rental rebates received. Revenue for 2HFY2022 gained 10.5% y-o-y to $118.0 million.

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