Kingsmen's Q3 profit falls 8.2% to $3.2m

DESIGN and production company Kingsmen Creatives reported net profit of $3.2 million for its third quarter ended Sept 30, down 8.2 per cent from $3.5 million a year ago.

This was mostly due to the timing of project revenue recognition, a significant amount of which will be recognised in the traditionally strong fourth quarter.

Third-quarter revenue fell 9.8 per cent to $63.6 million, from $70.4 million a year ago.