Kingsmen Creatives have just released their 3Q2017 results and the financial figures does not seem very pleasing. Revenue declined across three out of its four business divisions for 3Q2017 as compared to 3Q2016. It seems that recovery is no where in sight.
Here are the financial results across its four business divisions.
- The Exhibitions & Thematic division registered a revenue of S$32.3 million, an increase of S$0.9 million or 2.7% from S$31.4 million recorded in 3Q 2016.
- The Retail & Corporate Interiors division recorded a revenue of S$30.6 million, a decrease of S$8.0 million or 20.8% compared to S$38.6 million in 3Q 2016.
- The Research & Design division registered a revenue of S$3.2 million, a decrease of S$0.2 million or 6.8% from S$3.4 million recorded in 3Q 2016.
- The Alternative Marketing division achieved a revenue of S$3.0 million, a decrease of S$0.4 million or 10.7% from S$3.4 million in 3Q 2016.
I remembered the Group’s cash and cash equivalents was S$58.5 million in 1Q2017. The Group’s current cash and cash equivalents stood at S$50.7 million as at 30 September 2017 which was a 15% decrease.