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Spackman Entertainment Group Returns To Profitability, Posting US$3.52 Million In Total Comprehensive Income For FY2024

  • The Group recorded US$3.52 million in total comprehensive income for FY2024 as compared to a total comprehensive loss of US$8.47 million for FY2023
  • The turnaround was mainly due to an increase of US$6.53 million in other income and gains, primarily driven by a US$5.96 million reversal of an impairment loss on the share of results of the Group's 43.88%-owned associated company, Spackman Media Group Limited
  • The reversal is attributable to the successful listing of Crystal Planet Limited, one of Spackman Media Group Limited's subsidiaries, through a reverse takeover transaction on the TSX Venture Exchange
SINGAPORE - Media OutReach Newswire - 28 February 2025 – Spackman Entertainment Group Limited (the "Group"), one of Korea's leading entertainment production groups founded in 2011 by global media & technology investor Charles Spackman, wishes to announce that the Group returned to profitability, recording US$3.52 million in total comprehensive income for the financial year ended 31 December 2024 ("FY2024") as compared to a total comprehensive loss of US$8.47 million for the financial year ended 31 December 2023 ("FY2023").

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