ValueMax Group’s profit jumps 35.7% YoY in H1

The group's revenue increased by 16.8% YoY.

ValueMax Group reported a 35.7% year-on-year jump in its profit to $48.77m during the first half of the year.

The group's revenue increased by 16.8% YoY to $268.3m during the period.

This was driven by an increase in revenue from retail and trading of jewellery and gold, pawnbroking and moneylending businesses of $30.4m, $4.7m and $3.4m, respectively.

Basic earnings per share also grew by 25.6% to $0.0539.

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