Media Prima posts RM133mil quarterly net loss


PETALING JAYA: Media Prima Bhd reported a net loss of RM132.91mil for the second quarter ended June 30 against a net profit of RM27.92mil a year ago largely due to the impairment of its investment in Malaysian Newsprint Industries Sdn Bhd (MNI).

The impairment of its 21.4% stake in MNI amounted to RM142.4mil.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Media Prima Bhd

   

Next In Business News

Businesses concerned about rising forex woes
Booming eCommerce bolsters consumption
Sasbadi reports record high quarterly revenue on robust sales
LME takes aim at traders’ Russian metal games with new rules
Helping more city-state F&B businesses to expand overseas
Funds raised by Singapore’s tech startups up 59% in 2023
Fernandes on board Capital A for five more years
China’s prices are too low for buyers to sweat about tariffs
UK firms told to ‘urgently review’ green claims
Dutch firm sets up technology centre in PJ

Others Also Read