Revenue from the moneylending and pawnbroking businesses increased by $9.4 million and $5.3 million respectively while revenue from retail and trading of jewellery and gold business decreased by $3.1 million.
ValueMax announced that its earnings for FY2022 ended Dec 31, 2022, grew by 7.0% y-o-y to $44.4 million from $41.5 million in FY2021.
This comes on the back of revenue increasing by 4.2% y-o-y to $287.1 million from $275.5 million a year ago, thanks to higher contribution from the group’s moneylending and pawnbroking business, but was partially offset by lower revenue from retail and jewellery trading.
