Gross profit increased 22.0% y-o-y to $100.2 million, while gross profit margin increased 1.7 percentage points to 30.3% for FY2023.
ValueMax (SGX:T6I
) announced earnings of $52.9 million for the FY2023 ended Dec 31, 2023, a 19.0% y-o-y increase from its earnings of $44.4 million in FY2022.
This comes on the back of revenue increasing 15.3% y-o-y to $331.0 million, as revenue from the retail and trading of jewellery and gold business, pawnbroking and money lending businesses increased by $17.2 million, $9.6 million and $17.1 million, respectively.
