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.