Thursday 28 Mar 2024
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SINGAPORE (May 29): mm2 Asia reported FY18 earnings rose 50.9% to S$26.4 million or 2.34 cents per share, from a year ago.

This follows the group’s announcement of a 41.9% rise in 4Q18 earnings to S$9 million, on the back of a near doubling of revenue to S$83.6 million from a year ago.

In FY18, group revenue doubled to S$192 million from S$95.7 million in FY17, mainly due to a 65.4% increase in revenue generated of of S$93.6 million from its core business of core business of producing, distributing and placing products for movies, TV and online content as well as additional distribution revenue of S$32.4 million from its cinema business.

In addition, revenue from the group’s post-production business, represented by...(click on link for full story on theedgesingapore.com)
 

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