Another kitchen sinking year expected for Media Prima

KUALA LUMPUR: Media Prima Bhd’s impairment exercise on its 21.4% associate, Malaysian Newsprint Services (MNI), is a negative surprise to financial year 2017 (FY17) earnings forecast, according to CIMB Research.

Media Prima announced that it would undertake an asset impairment exercise on MNI for RM142.4mil due to a challenging operating environment.

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RM 13.90/month

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Annual Plan

RM 12.33/month

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Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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Business , Media Prima

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