STAR Publications (Malaysia) Bhd has recorded a 25% increase in group pre-tax profit to RM23.7mil for its first quarter ended March 31, 2003, up from RM18.9mil in the corresponding period last year.
The increase in profit was due to higher revenue and lower newsprint costs, although this was partially offset by higher depreciation and operating expenses, the company said in a statement to the KLSE yesterday.
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