The increase in revenue from distribution of films and others was mainly due to the recognition of the share of profit for acting as the producer for Master of US$3.8 million and return on investment as a passive investor for Master of US$0.2 million for 1H17.
SINGAPORE (Aug 10): Spackman Entertainment Group, the Korean entertainment production groups, recorded a net profit of US$4.4 million ($6 million) in 1H17 compared to a net loss of US$3.5 million in 1H16.
Revenue increased 38% year-on-year to US$10.5 million for 1H17 mainly as a result of an increase of US$2.2 million from distribution of films and others, an increase of US$0.3 million from leasing equipment business of Frame Pictures Co. and an increase of US$0.3 million from production of films.
