This growth in revenue and profit was driven by higher revenue across its retail business, pawn broking business and wholesale and exhibition business.

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. 

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.