Kingsmen announced their full year results late yesterday night which was anticipated to be bad.

In my Q3 review, I anticipated their nopat to come in at $11 million by putting an assumption of 3.5% net margin based on the order book the company revealed. I was not far from that as the nopat comes in at $11.8 million with a net margin of 3.61%.

Here are some of the highlights which came to my attention:

  • Topline continued to remain solid as the company continued to win order books despite pressure from some of the division.
  • Gross Margin % continued to remain competitive and stable at 25.31%.
  • Exhibitions and Thematic division continues to see growth as they ventured out to Middle East and China. Retail and Corporate Interiors will be the key to watch out for in coming years.
  • The drop in profit of 38….