Kingsmen Creatives posts 8.5% increase in profit for Q3FY16

COMMUNICATIONS, design and production group Kingsmen Creatives reported an increase in net profit to S$614,000 for the third quarter ended Sept 30, up from S$566,000 a year ago.

Revenue edged up 1.1 per cent to S$76.87 million while earnings per share rose from 0.29 Singapore cent to 0.31 Singapore cent.

As at Oct 31, the group had secured contracts totalling S$338 million, of which S$317 million is expected to be recognised in FY16.

"Barring unforeseen circumstances, we expect FY2016 to be a profitable year, with results lower than that of FY2015, reflecting the current market environment," said Kingsmen.