mm2 Asia Swings to Attributable Loss in Fiscal H1 as Revenue Tumbles 32%

MT Newswires

2024-11-15

mm2 Asia (SGX:1B0) booked a loss attributable to equity holders of SG$3.9 million, against an attributable profit of SG$3.1 million a year earlier, according to a filing with the Singapore Exchange on Thursday.

The distributor of entertainment content across South-East Asia posted a loss per share of SG$0.0005, compared to earnings per share of SG$0.0012 in the year-ago period.

Revenue was down 32% year over year to SG$87.3 million from SG$128.6 million, due to a lower number of projects completed in the concerts and events segment.

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