SINGAPORE (May 14): Spackman Entertainment Group posted 93% lower 1Q18 earnings of US$0.4 million ($0.5 million) compared to earnings of US$5.4 million a year ago on higher costs and expenses as well as lower other income.

Revenue for the quarter rose 31% to US$10.5 million from US$8 million a year ago, due mainly to higher revenue from the distribution of films and others on the recognition of the sales and distributions rights/video on demand (VOD) sales for The Outlaws by the group’s 51%-owned subsidiary, Novus Mediacorp.

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