SMG posts small revenue rise in challenging times

SMG said the group would continue with its prudent management strategy while focusing on revenue enhancement initiatives and operational efficiency improvements.

PETALING JAYA: Star Media Group Bhd (SMG) posted a small rise in revenue for the third quarter of its financial year 2023 (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.