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.