Wednesday, November 4, 2015

mm2 Asia’s 1H earnings rise 24% to $4.5 million

mm2 Asia posts 24% y-o-y increase in 1H earnings to $4.5 million on the back of a 31% growth in revenue to $12.7 million.

For the six months to September, the group recorded additional revenue from a newly acquired subsidiary of $2.1 million. It also saw an increase in its productions and distributions.

“With our strong industry experience and networks, we were able to complete almost half the projects in the pipeline with the balance projects, mainly in Hong Kong, Taiwan and China to be completed in 2H, which is in line with our strategic expansion into the Chinese markets in North Asia,” says mm2 Asia CEO Melvin Ang.

Shares in mm2 closed 0.66% higher at 76.5 cents on Tuesday.

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