"Our focus will now be on managing costs and our supply chain amidst rising inflationary pressures, and improving efficiency and operational delivery to derive better returns for our efforts.
"We continue to see good demand for our solutions and services by the market, and by clients who are moving ahead with their business plans," adds Cheng, referring to the order book of some $314 million, of which $264 million is to be recognised in the current year.
Overall, Kingsmen Creatives sees good opportunities across its various business sectors.
"Market conditions however are evolving and we will adopt a prudent approach to managing costs and operations. We will continue to enhance our capabilities in creativity and experiential solutions as core areas of differentiation to meet market needs," says Cheng.
See also: Creative guides for ‘similar level of operating loss’ for 2HFY2025
Kingsmen shares closed at 34 cents on Aug 11, unchanged for the day, but up 28.9% year to date.
