PETALING JAYA: Star Media Group Bhd
(SMG) posted a net profit of RM26.9mil for its third quarter ended Sept 30,2020 as the rebound in business activity added to a sharp rise in revenue from the second quarter of this year.
Aided by an exceptional item of RM50.5mil following the recognition of compensation from a legal case that helped with its bottom line, SMG said revenue for the third quarter was RM48.2mil, a 53% increase from RM31.5mil recorded in the second quarter.
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