On 8th August 2019, Kingsmen Creatives Ltd has released their 1H2019 financial results. Even though Kingsmen Creatives have reported an increase of 17.7% in revenue to S$172.8m, net profit fell a whopping 39.9%. Earnings per share fell 40.5% to 0.88 cents.

The increase in revenue was mainly due to the contribution from several key events and projects in 1H 2019. However, the profit was eroded by higher operating expenses and employee benefit expenses incurred due to higher cost resulting from increased headcount from the new experiential attractions business and increased average wage. If you have followed Kingsmen Creatives closely, you would have known that they have invested in NERF and the world’s first NERF Action Xperience centre is opening in Singapore in the fourth quarter of 2019 at Marina Square.

The cash flow is still healthy as Kingmen Creatives cash and cash equivalents stood at S$67.7 million as at 30