The Business Times
business-time-50

mm2 Asia FY20 net profit down 81.5% on Covid-19 impact

Sharon See

Sharon See

Published Sun, May 31, 2020 · 09:50 PM

Singapore

FILM production group mm2 Asia saw its net profit decline 81.5 per cent in its latest financial year due to a challenging environment exacerbated by the Covid-19 pandemic.

For financial year 2020, which ended March 31, 2020, its net profit was S$3.5 million, the mainboard-listed company said late on Saturday.

mm2 asiaFinancial results

TRENDING NOW

Nex shopping centre is on a site with a remaining lease of 80 years and eight months.

China Investment Corp, PGIM’s 50% stake in Nex mall up for sale; asking about S$1.2 billion 

The Philippine economy has expanded by only 2.3% in Q2, its fourth consecutive quarter of deceleration.

Higher rates, weaker spending: Is the Philippines entering stagflation?

All STI counters had dropped, with Yangzijiang Shipbuilding leading the decline, down 8.4%, or S$0.39, at S$4.26 as at 9.48 am.

Singapore tech stocks plunge as Nasdaq bloodbath spills into region

OCBC’s Q3 earnings came in slightly above the S$2 billion consensus forecast in a Bloomberg survey of seven analysts.

OCBC wealth clients turn defensive amid market volatility as Q3 profit rises 3%

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More