SINGAPORE (May 12): Kingsmen Creatives has turned profitability in 1Q with earnings of $383,000 compared to a loss of $882,000 a year ago.
Revenue rose 7.7% to $66.2 million. The Retail & Corporate Interiors division recorded a revenue of $35.2 million, an increase of 20.9%. The key accounts which contributed to the division's revenue included clients and brand names such as Christian Dior, DBS Bank, DFS Venture, Fendi, La Perla, Robinsons and Tiffany & Co.
The Exhibitions & Thematic division registered a revenue of $25.2 million, a decrease of 11.3%. The key contributors to the division's revenue included major events and projects such as Art Stage Singapore 2017, Desaru Adventure Waterpark, Dubai Frame, Heilan Horse Cultural Experience Pavilion, Jakarta Aquarium, King Abdulaziz Center for World Culture, Singapore Maritime Gallery, SMBC Singapore Open 2017 and thematic projects in the region.
Kingsmen Creatives says the 1Q results are in line with the group’s overall expectation. It expects FY2017 to be a profitable year.
The counter closed at 62 cents.
