Kingsmen Creatives posts lower Q2 profit

Singapore

COMMUNICATION design and production group Kingsmen Creatives' net profit for the second quarter ended June 30 declined by nearly 26 per cent year-on-year to S$2.37 million as revenue came in around 10 per cent lower.

Revenue was down 10.4 per cent at S$78.77 million, weighed down by a 24.5 per cent drop in revenue from its exhibitions & thematic division to S$34.23 million. The latter was due to the completion of several key projects last year, Kingsmen said.