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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