Kingsmen Creatives FY2017 Financial Results Is Disappointing

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Kingsmen Creatives have released their full year 2017 financial results on 22nd February 2018. Revenue decreases 6.8% to S$307.2 million. Net profit decreases 18.1% to S$9.7 million. Earnings Per Share decreased 18.6% to 4.90 cents. What a bad year for Kingsmen Creatives as the financial results are in a sea of red!

Here are the financial results across its four business divisions.

  • The Exhibitions and Thematic division registered a revenue of S$136.8 million in FY 2017, a decrease of S$14.7 million or 9.7% from S$151.5 million in FY 2016.
  • The Retail & Corporate Interiors division recorded a revenue of S$143.2 million in FY 2017, a decrease of S$7.3 million or 4.9% compared to S$150.5 million in FY 2016.
  • The Research & Design division registered a revenue of S$15.5 million in FY 2017, an increase of S$0.4 million or 2.9% compared to S$15.1 million in FY 2016.
  • The Alternative Marketing division achieved a revenue of S$11.8 million in FY 2017, a decrease of S$0.9 million or 7.2% from S$12.7 million in FY 2016.

Recovery is nowhere in sight. However, based on the current price of S$0.61 and FY17 total dividend of 2.5 cents, the current yield is 4.10%. There is potential for the current stock price to go lower due to the poor financial results.

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