Star Media Group 2Q revenue increases 8%

PETALING JAYA: For 2Q23, Star Media Group Bhd (SMG) recorded an increased revenue of 8% compared with 2Q22. The group registered a profit before tax of RM1.2mil for the quarter compared with RM2.1mil in 2Q22. The 2Q23 revenue was 12% higher compared with RM52mil in 1Q23 with the increase in revenue arising from its print, digital and events business, as well as its property development and investment arm.

On its prospects, SMG said it continues to increase its range of products such as the BM print publication, Majoriti 7, launched in 2022 and the recent introduction of its weekly business print publication, Star Biz7.