KUALA LUMPUR: The effects of Covid-19 and the subsequent movement control order (MCO), especially in the second half of March, saw Star Media Group Bhd (SMG) post weaker revenue for its 1Q 2020 financial results with revenue declining to RM65.8mil from RM82.57mil due to softness in Malaysian economy.
As a result, the group recorded a loss before tax of RM3.24mil in the quarter as compared with a profit before tax of RM5.71mil in 1Q 2019.
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!