SINGAPORE (May 15): Spackman Entertainment Group reported US$5.4 million ($7.6 million) of earnings for the 1Q ended March 31, reversing from its US$1 million net loss position in the same quarter a year ago on higher revenue.
The group also announced that its profit before tax of US$5.5 million is the highest to be recorded since its initial public offering.
Revenue for the quarter was US$8 million, double the US$3.9 million reported last year due to growth in revenue from the production of films, as well as the distribution of films and others.
