Concert firm Unusual reports full year net profit of S$7.3 million

The firm is bringing in Foo Fighters, a major rock band from the United States, in August.
The firm is bringing in Foo Fighters, a major rock band from the United States, in August.PHOTO: FACEBOOK/FOO FIGHTERS

SINGAPORE - Concert production firm Unusual reported full-year net profit soared 78.4 per cent to S$7.3 million.

Revenue increased 29.8 per cent to S$33.9 million for the 15 months to March 31, compared with the 12 months to Dec 31, 2015, as turnover from the promotion business rose.

The firm had changed its financial year to end on March 31 instead of Dec 31, to match its holding company's.

It started trading on the Catalist board on April 10.

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Earnings per share was 1.34 cents for the period, while net asset value per share was 2.23 cents as at March 31, compared with 1.89 cents as at Dec 31, 2015.

Unusual had drawn a pre-initial public offering investment of S$1 million from Singapore Press Holdings, or about 5 per cent.

The firm is bringing in Foo Fighters, a major rock band from the United States, in August.