Kingsmen Creatives Turn The Tide Around with 1H2018 Financial Results

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From a sea of red financial results a year ago (Read more: Kingsmen Creatives FY2017 Financial Results Is Disappointing ), Kingsmen Creatives have managed to turn the tide around by releasing a set of positive 1H 2018 financial results.

Revenue increases 1.3% to S$146.8 million and Net profit increases 7.5% to S$2.9 million. Earnings per share has also increased 7.2% from 1.38 cents to 1.48 cents. The company’s cash flow remain healthy as the cash and cash equivalents stood at S$67.6 million as at 30 June 2018.

As at 31 July 2018, the Group has secured contracts of S$322 million, of which S$273 million is expected to be recognised in FY2018. Kingsmen Creatives expect FY2018 to be a profitable year which I am happy for the company as a shareholder.

An interim dividend of 1.0 cents was declared. Read More

Kingsmen Creatives Awarded Contracts Worth $22 Million

On 13th April 2018, I receive an email notification about Kingsmen Creatives that they have been awarded with contracts worth $22 million for National Day Parade 2018 and National History Event. Despite the good news, it seems that the market did not react positively. As you can see from the chart above, the stock price of Kingsmen Creatives remains flat below 60 cents. The stock market is really irrational.

According to the announcement, the contracts comprise the National Day Parade 2018 and the National History Event valued at S$3 million and S$19 million respectively. The contract for the National Day
Parade 2018 involves the build and fabrication of the temporary stage set infrastructure and supporting structures at The Float @ Marina Bay and is expected to be completed by 2018. Read More

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.