Prudent measures lift Star earnings

PETALING JAYA: Despite a slowdown in the economy and a challenging business environment, Star Media Group Bhd posted an 11% rise in profit before tax (PBT) to RM170.07mil for the financial year ended Dec 31, 2015 compared with the previous corresponding period on prudent cost management and lower operating expenses while revenue increased by 0.5% to RM1.02bil.

The company said in a stock exchange filing that PBT increased to RM60.35mil for the fourth quarter ended Dec 31, 2015 compared to RM32.3mil in the previous corresponding quarter while revenue remained almost the same at RM280.77mil due to lower revenue from the print segment.