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mm2 Asia reports 42% rise in 4Q earnings to $9 mil on higher sales; FY18 earnings rise 51%

PC Lee
PC Lee5/29/2018 10:21 PM GMT+08  • 2 min read
mm2 Asia reports 42% rise in 4Q earnings to $9 mil on higher sales; FY18 earnings rise 51%
SINGAPORE (May 29): mm2 Asia reported FY18 earnings rose 50.9% to $26.4 million, or 2.34 cents per share, from a year ago.
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SINGAPORE (May 29): mm2 Asia reported FY18 earnings rose 50.9% to $26.4 million, or 2.34 cents per share, from a year ago.

This follows the group’s announcement of a 41.9% rise in 4Q18 earnings to $9 million on the back of a near doubling of revenue to $83.6 million from a year ago.

In FY18, group revenue doubled to $192 million from $95.7 million in FY17 mainly due to a 65.4% increase in revenue generated of of $93.6 million from its core business of core business of producing, distributing and placing products for movies, TV and online content as well as additional distribution revenue of $32.4 million from its cinema business.

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