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Kingsmen FY2017 bottomline falls 18.1% to S$9.7m

A FALL in revenue from its exhibitions and interiors divisions dented results for Kingsmen Creatives in its full financial year as revenue dropped 6.8 per cent to S$307.3 million from the previous year.

Net profit fell 18.1 per cent to S$9.7 million from the previous year, the group said in a Singapore Exchange filing on Thursday evening.

Earnings per share shrank to 4.9 Singapore cents from 6.02 Singapore cents in the previous year.

Net asset value per share crept up to 60.73 Singapore cents as at Dec 31, from 58.96 Singapore cents a year ago.

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Kingsmen has declared a dividend of 1.5 Singapore cents per share, which will be payable to shareholders on May 16.

Said Kingsmen's group chief executive officer, Andrew Cheng: "Our market remains buoyant, especially in the exhibition, event, museum and thematic areas, and we are also deepening our reach into the hospitality, corporate interior, food and beverage; and mall public area segments."

"These, together with our new initiative to manage media/entertainment themed licences are growth areas for us," he added.

Kingsmen shares closed S$0.015 or 2.4 per cent lower at S$0.62 on Thursday.

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