SMG posts 3% rise in revenue for 1Q24

PETALING JAYA: Star Media Group Bhd (SMG) is optimistic its property development and investment segment would compensate for the challenging outlook in advertising expenditure.

Revenue for 1Q24 rose 3% to RM53.3mil from 1Q23 but higher operating costs saw the group post a small pre-tax loss of RM0.2mil compared with a pre-tax profit of RM1.1mil in 1Q23.