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New listing Winking Studios reports higher FY2023 earnings on stronger revenue and better margins

The Edge Singapore
The Edge Singapore • 2 min read
New listing Winking Studios reports higher FY2023 earnings on stronger revenue and better margins
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New listing Winking Studios has reported a 71.6% earnings jump for its FY2023, even after taking into account IPO expenses.

For the year to Dec 31 2023, the company, which describes itself as a leading game art outsourcing studio, reported profit after tax of US$1.78 million, versus US$1.04 million recorded for FY2022.

Revenue in the same period was up 19.5% y-o-y to US$29.3 million, thanks to new contracts from US and Korea.

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