mm2 Asia posts 13.2% increase in 1Q earnings to S$7.3 mil

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SINGAPORE (Aug 14): mm2 Asia reported 1Q19 earnings increased by 13.2% to S$7.25 million, compared to S$6.40 million in 1Q18.

This came on the back of the group’s revenue almost doubling to S$49.0 million, from S$24.6 million in the previous year.

This was mainly contributed by the group’s business assets from Lotus Fivestar Cinemas in Malaysia and a newly-acquired subsidiary Cathay Cineplexes in 3Q18. The increase in revenue was...(click on link for full story on theedgesingapore.com)