Star Media Group's Cityneon sees 2017 as another blockbuster year

Exciting year: Tan with Marvel Avengers characters Iron Man and Captain America. He says the company hopes to deliver an exciting year to shareholders.

PETALING JAYA: Star Media Group Bhd’s Cityneon Holdings Ltd had a Marvel-lous 2016, riding the success of the company’s Marvel Avengers S.T.A.T.I.O.N with a significant 693% surge in net profit last year.

The company, which acquired US-based exhibition producer Victory Hill Exhibitions Pte Ltd (VHE) in 2015, saw net profit jumping to S$6.6mil (RM20.75mil) last year from S$800,000 in financial year ended Dec 31, 2015 (FY15) – mainly due to the popularity of VHE’s Marvel exhibition services. Star owns 51.52% direct stake in Cityneon, a company based in Singapore.