PETALING JAYA: Amidst continued weak footfall and changing consumer buying patterns, analysts are expecting Mynews Holdings Bhd to close the financial year in the red.
Sluggish traffic and temporary closure of some outlets caused Mynews’ third-quarter (Q3) to end-July revenue to decline by 10.8% quarter-on-quarter and core net loss to widen to RM5.7mil from RM2.3mil in Q2 of financial year 2020 (FY20), said CGS-CIMB Research.
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