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MoneyMax sees FY20 earnings more than double to $20.3 mil on higher revenue, other gains

Felicia Tan
Felicia Tan • 2 min read
MoneyMax sees FY20 earnings more than double to $20.3 mil on higher revenue, other gains
As at 10.21am, shares in MoneyMax are trading 2.1 cents higher or 10.6% up at 22 cents, representing a 52-week high.
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MoneyMax Financial Services has posted a 138.7% surge in earnings for the FY2020 ended December to $20.3 million from $8.5 million the year before.

Revenue for the year registered 8.2% y-o-y growth to $197.1 million due to the higher revenue from retail and trading of pre-owned and new luxury items segment combined with the effect of higher gold prices.


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