Avengers, Transformers come to Cityneon’s rescue in 1H

SINGAPORE (Aug 12): Cityneon Holdings posted earnings of $4.7 million in the first six months of the year, reversing from the net loss of $0.7 million a year ago.

For the six months ended June, revenue rose 13.8% to $46.3 million, led by sales from its newly acquired Intellectual Properties Rights (IPR) segment.

Revenue contributions from the group’s travelling Avengers S.T.A.T.I.O.N. set in Paris and the recently opened Las Vegas’ immersive attraction and the licensing deal in China for Transformers’ travelling set all contributed to the strong half-year performances.

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