SMG posts continued profit in first quarter

An aerial view of Menara Star in Petaling Jaya. — IZZRAFIQ ALIAS/The Star

PETALING JAYA: Star Media Group Bhd (SMG) has posted a revenue of RM52mil for the first quarter of its 2023 financial year (1Q23) as the group continues its revenue enhancement initiatives.

The group posted a pre-tax profit of RM1.1mil during 1Q23 with revenue from its print, digital and events business sustaining while the print industry advertising expenditure (ADEX) reported a double-digit drop for the quarter. That segment recorded a profit before tax of RM0.5mil in 1Q23.