Taka Jewellery Holdings has reported a 22% y-o-y increase in earnings for the 1HFY2025 of $6.6 million from the $5.4 million reported in the same period a year ago.
As such, earnings per share increased to 1.16 cents from 0.96 cents previously.
The group’s revenue grew by 18% y-o-y to $83.1 million for the 1HFY2025.
Gross profit grew by 23% y-o-y to $25.01 for the 1HFY2025.
The group says that its increase in revenue was primarily driven by higher revenue across various business segments.
Its retail business saw an increase of $6.9 million or 16.6% y-o-y to $48.5 million in 1HFY2025 mainly due to the growth in number of operating outlets compared to the same period a year before.
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The financial services business grew by 10.6% y-o-y to $2.1 million in the 1HFY2025 due to higher income in the pawn broking business.
The wholesale and exhibition business grew 19.8% y-o-y to $32.4 million in 1HFY2025 driven by improved performance in exhibition shows.
Gross profit margin increased to 30.1% in 1HFY2025 as compared to 28.8% in 1HFY2024 due to change in product sales mix.
Other operating income was $0.17 million in 1H2FY025 as compared to $0.09 million in 1H2024, an increase of $0.08 million was attributable to the higher government grant and interest income received.
The group recorded an increase in administrative expenses by 12.5% y-o-y to $3.1 million in 1HFY2025 due to higher manpower costs, reflecting the group's increased revenue and business activities.
The group’s cash and cash equivalents position increased by approximately $0.8 million as at Dec 31, 2024 compared to June.
Shares in Taka Jewellery closed flat at 9 cents on Feb 12.
