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Spackman Entertainment sinks into the red

Samantha Chiew
Samantha Chiew11/14/2017 06:22 PM GMT+08  • 2 min read
Spackman Entertainment sinks into the red
SINGAPORE (Nov 14): Spackman Entertainment announced that it made a loss of US$770,000 ($1.05 million) in 3Q17, compared to earnings of US$1.47 million in 3Q16.
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SINGAPORE (Nov 14): Spackman Entertainment announced that it made a loss of US$770,000 ($1.05 million) in 3Q17, compared to earnings of US$1.47 million in 3Q16.

Revenue for the quarter dropped by 35% to US$1.75 million from US$2.70 million a year ago, due to a decrease of US$1.85 million from production of films as the percentage-of-completion for Golden Slumber in 3Q17 was lower compared to that for Master in 3Q16.

The weaker topline was partially offset by an increase of US$0.82 million from leasing of equipment to third parties by Frame Pictures.

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