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13-06-2012, 07:42 PM
Aspial Press Release:
Interestingly, pawnbroking isn't the main revenue driver
Quote:The Group’s revenue increased significantly from approximately S$10.0 million in FY2009 to S$54.9 million in FY2010 and S$87.7 million in FY2011, representing a compounded annual growth rate (“CAGR”) of about 195.7% between FY2009 and FY2011.
Maxi-Cash turned profitable in FY2011 with a net profit of S$3.1 million, up from a loss of S$4.7 million in FY2009 and loss of S$1.3 million in FY2010 due to the high set up cost of the business in the early years.
Percentage revenue contributions from Pawnbroking and Trading of Pre-Owned Jewellery and Watches for FY2011 were 16.3% and 83.7%, respectively.
Interestingly, pawnbroking isn't the main revenue driver
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