mm2 Asia on firmer ground as Q1 net profit jumps 30%

Singapore

A FIRMER core business showing, additional revenue from newly acquired subsidiary UnUsUaL Limited and cinema operation business boosted results for mm2 Asia Ltd in its first quarter.

The producer of film and television or online content saw its net profit jump 30 per cent to S$6.40 million from the previous year, the group said in a Singapore Exchange filing on Monday.

For the three months ended June 30, revenue leapt 83 per cent to S$24.62 million from the preceding year. The gain in revenue was mainly due to event and co…