Media Prima posts quarterly net loss of RM378.2mil

Group managing director Datuk Kamal Khalid (file pic)said:

PETALING JAYA: Media Prima Bhd posted a big loss for its fourth quarter because of write-offs and exceptional items with its net loss for the quarter reaching RM378.2mil from a profit of RM5mil in the previous corresponding quarter.

Revenue dropped to RM306.2mil from RM318.6mil for the quarter. For the full-year, Media Prima posted a loss of RM650.6mil, or 58.66 sen a share, from a loss of RM59.2mil in 2016.