More News
LEISURE & ENTERTAINMENT | Staff Reporter, Singapore

Spackman Entertainment in the red with $1.05m loss in Q3

The lower percentage-of-completion for "Golden Slumber" dragged revenue down.

Spackman Entertainment Group (SEG) faces a dark new twist as it lost $1.05m (US$0.77m) in Q3.

According to its financial statement, revenue dropped by 35% YoY from $3.67m (US$2.7m) to $2.38m (US$1.75m).

The revenue decrease was due to a loss of $2.51m (US$1.85m) from film production as the percentage-of-completion for "Golden Slumber" in Q3 was lower compared to that of "Master" last year.

This was partially offset by a $1.11m (US$0.82m) gain from the leasing of equipment to third parties by Frame Pictures.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.