PETALING JAYA: Improved operations and continued cost-management measures saw Star Media Group Bhd’s profit before tax come in higher by 173% to RM17.59mil for the first quarter ended March 31, 2018 (1Q18).
In a filing with Bursa Malaysia, the media group said it also saw lower depreciation expenses from its print segment as a result of impairment of printing assets and a manpower-rationalisation exercise comprising a mutual separation scheme/early retirement option that was carried out in financial year 2017.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!