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UnUsUaL FY20 earnings fall 52.3% to $6.3 mil on postponed concerts and events due to Covid-19

Felicia Tan
Felicia Tan5/27/2020 06:12 PM GMT+08  • 2 min read
UnUsUaL FY20 earnings fall 52.3% to $6.3 mil on postponed concerts and events due to Covid-19
Concert promotion and event production group UnUsUaL reported a 52.3% drop in net profit to $6.3 million for FY20 ended March 31, from $13.2 million a year ago.
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SINGAPORE (May 27): Concert promotion and event production group UnUsUaL reported a 52.3% drop in net profit to $6.3 million for FY20 ended March 31, from $13.2 million a year ago.

The decline was mainly attributable to the majority of UnUsUaL’s concerts and events postponed in 4Q20 due to the Covid-19 global outbreak.

Gross profit fell 43% y-o-y to $13.1 million.

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