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Kingsmen Creatives back in the black for FY2021

The Edge Singapore
The Edge Singapore3/1/2022 05:40 PM GMT+08  • 3 min read
Kingsmen Creatives back in the black for FY2021
The company sees "pent up demand"
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Kingsmen Creatives has reported lower revenue of $156.1 million for 2HFY2021 ended Dec 2021, down 4.8% y-o-y.

However, thanks to cost control, the company was able to report earnings of $2.7 million for the same half year ended Dec 2021, a reversal from the year earlier red ink of $5.8 million.

For the whole of FY2021, the company recorded earnings of $1 million, versus a loss of $11.1 million incurred in FY2020, when the pandemic hit its business. FY2021 revenue was down 4.8% over FY2020 to $273.2 million.

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