UnUsUaL Limited (SGX: 1D1) today announced its financial results for the second quarter ended 30 September 2019 (“2Q FY2020”) and half year ended 30 September 2019 (“1H FY2020”).
The Group recorded a strong revenue growth of approximately S$10.8 million or 57.5% to S$29.6 million in 2Q FY2020, primarily attributed to the higher revenue contribution from the Promotion segment. In tandem with its revenue growth, the Group’s gross profit increased by S$2.4 million or 38.1% from S$6.3 million in 2Q FY2019 to S$8.7 million in 2Q FY2020.
The Group continue to deliver growth, registering a net profit increase of 54.8% and 8.7% to S$5.0 million in 2Q FY2020 and S$6.1 million in 1HFY2020 respectively.
Commenting on the Group’s 2Q FY2020 results, Chief Executive Officer of UnUsUaL, Mr Leslie Ong said, “UnUsUaL delivered an exceptional quarter. We see a rising demand in live events, as there is a growing number of audiences who value live experiences and willing to spend more on events and live shows. We will continue to strengthen our current platform and services for the artists and bring more remarkable shows to the global markets. We have the right strategies in place and remain focused on achieving our targets.”