mm2 Asia posts 7.1% drop in Q4 earnings; DBS upgrades stock to 'buy' as value emerges

Singapore

MAINBOARD-LISTED film production company mm2 Asia's fourth quarter net profit fell 7.1 per cent to S$6.2 million, from S$6.7 million in the same period last year.

Revenue for the three months ended March 31 slipped 6.5 per cent to S$78.2 million from S$83.6 million a year ago, while gross profit inched down 0.7 per cent to S$33.9 million, mm2 said on Thursday.