Cityneon's half-year profit surges amid revenue increase
CITYNEON Holdings reported a 62.4 per cent rise in net profit to S$7.7 million for the six months ended June 30, bolstered partly by stronger revenue.
Revenue was up 7.3 per cent to S$49.72 million on the higher contributions from its intellectual property rights and interior architecture business segments, while earnings per share rose from 2.1 cents to 3.1 cents.
Cityneon is a creative agency specialising in interior architecture, experiential environments events and exhibitions.
"The group will continue to seek opportunities for business expansion encompassing the exploration of new intellectual property rights and/or of mergers and acquisitions," said Cityneon.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Sanofi Q1 profit slips on generic competition, forex effects
Toyota hits record annual output, sales on robust demand
Latest Singapore 6-month T-bill offering cut-off yield of 3.74% as applications dip
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
Nissan, Mazda roll out new models for China as they aim for comeback
South Korea readies new system to detect illegal short-selling