mm2 Asia has announced a 130.1 percent increase in FY17 net profit to $18.8 million on the back of significant increase in the group’s core business. Revenue surged 148.8 percent to $95.4 million mainly due to additional revenue generated from the newly acquired subsidiary UnUsUaL, as well as additional distribution from the cinema business.

With a significant number of acquisitions, including the recent proposed acquisition of the Lotus cinemas in 13 locations in Malaysia, as well as the listing of one of the group’s subisidiaries, UnUsUaL, on the SGX, the group is prepared to grow further as a leading entertainment group in Asia.

In FY18, the group will continue to source for growth opportunities in Singapore and the region to expand the group’s various businesses in the areas of film and tv/online production and distribution, post-production, cinema business and concert and event production and production, to further strengthen its financial performance.