May 16, 2017

Spackman Entertainment Group swung into a 1Q17 net profit of US$4.8m as it recognised distribution revenue as a producer of the 2016 film Master.

On a per share basis, profit was 1.04 US cents for the three months ended 31 March based on the number of shares issued after a 20 March placement. This compared with 1Q16’s net loss of US$966,000, or 0.21 US cents per share based on the same number of issued shares. Without adjusting for the placement, 1Q17 net profit would have been 1.18 US cents per share, compared with a 0.24 US cent loss per share a year ago.

Spackman Entertainment closed at: S$0.143