Cost of sales in 3Q increased by $19.1 million to $28.2 million largely due to higher production level in its core business, event production and concert promotion business and its recent acquisitions of cinema business.
SINGAPORE (Feb 7): mm2 Asia, the film producer and distributor, reported 3Q earnings rose 52% to $6.4 million from $4.2 million a year ago.
Revenue in 3Q increased nearly tripled to $52.4 million from $18.0 million mainly due to contribution from recent acquisitions of business assets from Lotus Fivestar Cinema (M) and a subsidiary corporation, Cathay Cineplexes as well as its core business and event production and concert promotion business from UnUsUaL.
