Expenses, one-off costs lower Kingsmen's FY14 profit to S$17m

Singapore

WEIGHED down by higher costs, communication design and production group Kingsmen Creatives saw a 3.3 per cent slide in net profit to S$17.15 million for FY14.

This was despite a 13.6 per cent rise in revenue to S$336.41 million on the back of stronger contributions from most divisions as well as from Kingsmen Middle East (KME), which became a subsidiary from Jan 1 last year.