Utusan Melayu posts Q2 net loss of RM3.89m

All publications under the Utusan Group – Utusan Malaysia, Mingguan Malaysia, Kosmo!, and Kosmo! Ahad – will cease all print and online publications on Wednesday.

KUALA LUMPUR: Utusan Melayu (M) Bhd posted net losses of RM3.89mil in the second quarter ended June 30, 2019 compared with a net profit of RM18.85mil a year ago due to reduction in publishing, distribution and advertising by RM37.96mil.

It announced on Monday its operating loss was RM3.86mil compared with operating profit of RM18.84mil a year ago and it said the second half would be very challenging as it faced cashflow constraint.