SMG posts small revenue increase in challenging times

PETALING JAYA: Star Media Group Bhd (SMG) posted a small rise in revenue for the third quarter of its 2023 financial year (3Q23) as it continues to sustain its revenue and overall financial performance, while remaining financially prudent.

The group said in a filing with Bursa Malaysia on its 3Q23 financial results that market conditions continue to be challenging, resulting in the contraction in industry revenue.