Friday, February 19, 2016

Maxi-Cash

Maxi-Cash (S$0.12): 4Q15 earnings jumped and FY15 dividends more than doubled

4Q15 net profit surged 47% y/y to $1.13m, and FY15 net profit more than doubled to $3.8m (+112%), mainly due to operating leverage. 4Q revenue rose 17% to $30.6m from higher contribution by both pawnbroking and trading businesses. First and final DPS raised to 0.5¢/share (FY14: 0.2¢). NAV/share at 11.87c/share.

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