SMG posts a small profit in second quarter

SMG said the group continues to actively pursue opportunities for revenue diversification and sustainable profitability growth.

PETALING JAYA: Star Media Group Bhd (SMG) has posted a pre-tax profit of RM0.3mil for its second quarter (2Q25) from a profit of RM7.6mil in 2Q24 mainly due to the completion of progress billings for its units sold under its Star Business Hub development.

Looking forward, SMG said the shifts in US foreign policy and geopolitical tensions continue to present a challenging outlook for the media industry in 2025.