World · Singapore Bureau
Tuas reports strong earnings surge driven by subscriber expansion
The parent company of Simba posted full-year profit of $26 million, bolstered by a 24 per cent increase in revenue to $187.6 million, reflecting growing subscriber numbers across its operations.
LSN Singapore ·
Tuas, the company behind the Simba brand, delivered robust financial results for the full year as it capitalised on expanding subscriber numbers and growing market demand in the region.
Revenue climbed to $187.6 million, up 24 per cent from the prior corresponding period, signalling strong commercial momentum across the company's service offerings. The substantial revenue growth translated into a net profit of $26 million, marking a significant expansion of the company's bottom line.
The results underscore the company's ability to attract and retain subscribers in an increasingly competitive digital marketplace. The growth trajectory suggests that Tuas' strategy of broadening its subscriber base is yielding tangible returns for shareholders.
The strong financial performance comes amid continued expansion efforts across South and Southeast Asia, where digital services continue to gain traction among consumers seeking entertainment and connectivity solutions.