BMedia reports RM2.78mil loss

  • Corporate News
  • Saturday, 28 Dec 2019

PETALING JAYA: Berjaya Media Bhd (BMedia) registered a net loss of RM2.78mil for the second quarter of the financial year ending April 30,2020 (FY20), bringing its first half net loss to RM5.82mil.

The publisher of theSun newspaper attributed the losses to the lower revenue contribution from Sun Media Corp Sdn Bhd, which reported lower advertising income during the quarter.

BMedia’s net loss for the first half of FY20 was also impacted by higher consultancy fees incurred for the corporate exercise relating to the regularisation plan.

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