It’s been sometime since Kingsmen released their results but due to obligations from the school, I only have time now to take a deeper look from the numbers.
Returns and Growth Rates
Revenue from FY 2010 decreased by -2.82% to 235.2 million and this is due to the decrease in revenue contribution from the Exhibitions and Museums (EnM) segment. It was due to the Universal Studios of Singapore project awarded to Kingsmen last year that makes it hard to catch up for year 2010 without any projects as big as USS. Nevertheless, decline in revenue did not hinder both gross and net profit from marching forward. Gross profit improved to 27.82% while net profit improved to 6.87%. Across the industry, companies improved their profit margin as well.
Return on assets dipped by a slight margin, from 11.38% to 11.11% which shows the amount of …