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Spackman expects to climb out of the red in 1Q

Jude Chan Published on Mon, Apr 10, 2017 / 5:32 PM GMT+8

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SINGAPORE (April 10): Spackman Entertainment Group on Monday issued a positive profit guidance for the first quarter ended March 31.

Based on a preliminary review of its first quarter results, Spackman says it expects to report a net profit for 1Q17, reversing out of a net loss reported a year ago.

The turnaround and results improvement is mainly attributed to the revenue and earnings recognition from the film, “Master”. The film was produced by Spackman’s wholly-owned subsidiary, Zip Cinema Co.

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Spackman expects to climb out of the red in 1Q