Media Chinese expects 6MFY23 profit at US$0.9mil-US$1.1mil


KUALA LUMPUR: Media Chinese International Limited expects to record a profit attributable to owners in the range of about US$0.9mil to US$1.1mil for the six months ended Sept 30 from a loss of approximately US$0.5mil in the corresponding period of 2021.

“The profit turnaround was mainly driven by the growth in revenue from the group’s publishing business, especially its business in Malaysia, as a result of the gradual recovery of economic conditions from the impact of Covid-19,” Media Chinese said in a filing with Bursa Malaysia.

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