Kingsmen Creatives released its Q4 and FY2011 results on 27th February 2012 and this post will look into the results in detail.
Income Statement
The revenue for FY2011 increased 11.7% from $233.6 million in FY2010 to $261 million in FY2011. The cost of sales increased more than revenue at 14.5% when compared with FY2010. This caused a dip in gross profit margin from 27.3% (FY2010) to 25.5% (FY2011).
The net profits for FY2011 increased 8.4% from $15.1 million in FY2010 to $16.3 million in FY2011. The staff costs have increased 6.9% when compared with FY2010. The net profit margin was slightly lower in FY2011 at 6.3% when compared to FY2010′s figure of 6.5%. The margins have dipped in FY2011 due to lower margins ...
