Star records 63% jump in net profit

Star Media Group AGM at Menara Star. On the right is chairman Datuk Fu Ah Kiow and on the left is group managing director and chief executive officer Datuk Seri Wong Chun Wai. In the centre is group company secretary Ong Wei Lymn.

PETALING JAYA: Efforts to rationalise its operations last year are beginning to reflect on the performance of Star Publications (M) Bhd, as it recorded a 63% increase in net profit to RM26.55mil for the first quarter ended March 31, against the corresponding quarter of last year.

The print and digital business segment, which is the mainstay of the Star Media Group, registered a profit before tax of RM44.44mil or a 78.2% increase in the first quarter compared with RM24.95mil in the same period last year.