Spackman sinks deeper into the red in 2Q with S$2.1m loss

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SINGAPORE (Aug 15): Spackman Entertainment Group reported a loss of US$1.5 million (S$2.1 million) for the 2Q ended June, widening from its 2Q17 loss of US$0.2 million on lower revenue and higher general & administrative expenses.

This brings the group to a loss of US$0.6 million for 1H18, compared to earnings of US$5.2 million a year ago.

Revenue for the latest quarter fell 32% on-year to US$1.7 million from US$2.4 million previously due to lower contributions from the production of films... (Click here to read the full story)