From a sea of red financial results a year ago (Read more: Kingsmen Creatives FY2017 Financial Results Is Disappointing ), Kingsmen Creatives have managed to turn the tide around by releasing a set of positive 1H 2018 financial results.
Revenue increases 1.3% to S$146.8 million and Net profit increases 7.5% to S$2.9 million. Earnings per share has also increased 7.2% from 1.38 cents to 1.48 cents. The company’s cash flow remain healthy as the cash and cash equivalents stood at S$67.6 million as at 30 June 2018.
As at 31 July 2018, the Group has secured contracts of S$322 million, of which S$273 million is expected to be recognised in FY2018. Kingsmen Creatives expect FY2018 to be a profitable year which I am happy for the company as a shareholder.
An interim dividend of 1.0 cents was declared.
1H2018 Financial Results