On the back of the increased projects, cost of sales increased by 393.2% y-o-y to $21.7 million in FY2023, while gross profit stood at $7.6 million compared to a gross loss in FY2022.
In a statement, the company says it is “back to normal” with the gradual return to normalcy post-pandemic, evident from the response to its key business of concert and event promotion for the past 12 months.
“We have been working very hard since the beginning of the year to bring our business back to the ‘good old days’ and I think we have performed well,” says UnUsUaL CEO Leslie Ong, highlighting its sold-out concerts in Singapore, Kuala Lumpur, Sydney and Melbourne.
“We are continuing to boost our project pipeline, and we will make the announcements on these projects as and when appropriate,” he adds.
See also: Creative guides for ‘similar level of operating loss’ for 2HFY2025
Shares in UnUsUaL closed 0.5 cents higher or 2.66% up on May 24 at 19.3 cents.
