kingsmen creative ltd (KMEN) Snapshot

Kingsmen Creatives Ltd. announced the appointment of Prabhakaran Narayanan Nair as Chairman of the Audit Committee with effect from May 15, 2013 in place of Mr. Lee Hock Lye who retired by rotation pursuant to Article 107 at the company's annual general meeting held on April 30, 2013 and did not seek re-election. The appointment of Mr. Sebastian Tan Cher Liang as a member of the Audit Committee with effect from May 15, 2013. The company announced the appointment of Mr. Wong Ah Long as Chairman of the Nominating Committee with effect from May 15, 2013 in place of Mr. Prabhakaran Narayanan Nair. Sebastian Tan Cher Liang appointed as a member of the Nominating Committee with effect from May 15, 2013. Sebastian Tan Cher Liang appointed as a member of the Remuneration Committee with effect from May 15, 2013. Sebastian Tan Cher Liang also appointed as Chairman of the Remuneration Committee with effect from May 15, 2013 in place of Mr. Wong Ah Long.

Kingsmen Creatives Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of SGD 42,571,000 against SGD 46,917,000 a year ago. Profit before tax was SGD 2,473,000 against SGD 2,259,000 a year ago. Profit net of tax was SGD 2,003,000 against SGD 1,991,000 a year ago. Profit attributable to owners of the company was SGD 2,227,000 against SGD 2,075,000 a year ago. Earnings per share on fully diluted basis were 1.16 cents against 1.09 cents a year ago. Net cash flows from operating activities were SGD 495,000 against SGD 11,445,000 a year ago. Purchase of property, plant and equipment was SGD 214,000 against SGD 518, 000 a year ago. Net asset value per share was 39.94 cents. The company provides earnings guidance for the fiscal year 2013. For the year, the company expects continue to do well in fiscal year 2013.

Kingsmen Creatives Ltd. announced the cessation of Lee Hock Lye as Independent Director and as Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee of the company with effect from April 30, 2013.