As a result, total revenue for the period increased by 16.6% y-o-y to $153.4 million.
Gross profit increased by 16.7% y-o-y to $42.5 million, with a 0.1 percentage point y-o-y increase in gross profit margin (GPM) of 27.7%.
Share of results of associates increased by 23.8% y-o-y to $2.6 million due to higher contributions from the group’s associated companies in Malaysia.
Earnings per share (EPS) stood at 3.6 cents on a fully diluted basis.
As at June 30, cash and cash equivalents stood at $47.2 million.
No dividend has been recommended for the period.
Looking ahead, the group sees gold prices remaining volatile amid a further increase in interest rates. It adds that it continues to face a “challenging business environment” with a significant increase in financing cost, as well as higher operating costs and intensifying competition.
See also: FJ Benjamin FY2025 red ink widens to $16.6 million
In addition, the group says it will continue to explore acquisition opportunities and suitable locations to grow its network of pawnshops and retail outlets, as well as grow its moneylending business.
Shares in ValueMax closed flat at 34.5 cents on Aug 10.
