Revenue for 4Q fell 6.5% on-year to $78.2 million from $83.6 million, although FY19 revenue grew 38.6% to $74.2 million from $192 million a year ago due to higher income from the Cinema business upon accounting for the full year’s contributions Cathay Cineplexes and Lotus Fivestar Cinemas.
SINGAPORE (May 31): mm2 Asia reported $6.2 million in earnings for the 4Q ended March, down 7.5% from $6.7 million a year ago due to lower revenue and expansion costs.
This brings the group’s full year earnings to a total of $19.1 million, representing a 14.7% decline from $22.4 million in FY18.
