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

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.