Utusan posts loss on publishing and distribution

PETALING JAYA: Utusan Melayu (Malaysia) Bhd slipped into the red in its second quarter ended June 30 with a net loss of RM11.05mil, from a net profit of RM1.92mil a year ago, due to lower revenue mainly from its publishing and distribution segments.

Revenue for the media group was lower at RM74.4mil from RM96.1mil last year.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , Utusan Melayu , 5754


Next In Business News

Yew Lee Pacific Group launches IPO prospectus Premium
Press Metal, commodities lead FBM KLCI lower Premium
Ringgit rises on higher oil prices Premium
MR DIY's 1Q weakness a temporary setback Premium
Oil prices open lower Tuesday as EU struggles to seal Russia import ban Premium
Malaysia records net foreign inflow of RM56.9mil in week ended May 13 Premium
Trading ideas: MR DIY Group, Pharmaniaga, Caely Holdings, Malaysian Bulk Carriers, Iskandar Waterfront City and Fitters Diversified Premium
Bursa maintains rally ahead of peak reporting season Premium
India's Life Insurance Corp set for lacklustre market debut, analysts say Premium
Sri Lanka down to last day of petrol, PM tells crisis-hit nation Premium

Others Also Read