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Kingsmen Creatives reports lower net profit of $2.9 mil for FY2023 due to impairment losses

Nicole Lim
Nicole Lim • 2 min read
Kingsmen Creatives reports lower net profit of $2.9 mil for FY2023 due to impairment losses
The company’s earnings per share comes in at 1.41 cents, a 38.7% y-o-y decrease.
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Impacted by impairment losses, Kingsmen Creatives (SGX:5MZ) has reported a net profit of $2.9 million for the FY2023 ended Dec 31, 2023, a 38.4% y-o-y decrease from the previous year. 

The company’s earnings per share comes in at 1.41 cents, a 38.7% y-o-y decrease from 2.3 cents last year. 

Kingsmen’s revenue increased 10.1% y-o-y from $328.4 million in FY2022, to $361.5 million in FY2023. 

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