Positively, MyNews saw the launch of its new format stores, CU CVS and MyNews SUPERVALUE during the quarter.
KUALA LUMPUR: MyNews Holdings’ (MyNews) reported a RM10.3mil net loss in 2QFY21 which disappointed expectations on the back of a longer-drawn Movement Control Order (MCO) year-on-year, which weighed heavily on sales and the product mix.
UOB Kay Hian Malaysia Research said on Monday the 1HFY21 earnings were below its forecast of -RM5mil.
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