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Spackman Entertainment out of the red with 1Q earnings of $7.6 mil

Michelle Zhu
Michelle Zhu5/15/2017 07:32 AM GMT+08  • 2 min read
Spackman Entertainment out of the red with 1Q earnings of $7.6 mil
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.
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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.

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