Kingsmen Creatives posts 8.9% profit rise

CONTINUED demand and lower costs enabled mainboard-listed design-and- production company Kingsmen Creatives to post an 8.9 per cent increase in net profit to $18.4 million for its financial year ending Dec 31, 2013, up from $16.9 million in 2012.

Revenue was up 2.1 per cent to $296.3 million, in line with earlier forecasts.

A final dividend of 2.5 cents per share was proposed, bringing the total dividend for 2013 to four cents, unchanged from the previous year. This works out to a yield of 4.2 per cent based on its closing price yesterday of 96 cents.