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Kingsmen Creatives reports 38% drop in FY16 earnings

PC Lee
PC Lee2/22/2017 07:48 AM GMT+08  • 2 min read
Kingsmen Creatives reports 38% drop in FY16 earnings
SINGAPORE (Feb 22): Kingsmen Creatives reported a 37.6% drop in FY16 earnings to $11.9 million, hit by lower margins and higher costs.
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SINGAPORE (Feb 22): Kingsmen Creatives reported a 37.6% drop in FY16 earnings to $11.9 million, hit by lower margins and higher costs.

In FY15, the group had also recognised a one-off gain of $5.9 million from the disposal of interest in Kingsmen CMTI and the fair value of the remaining interest in the company.

Margins for retail & corporate interiors works also fell while higher operating costs impacted the group's bottom line.

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