Berjaya Media Berhad Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended January 31, 2016
For the nine months, the company reported revenue of MYR 35,982,000 against MYR 42,609,000 a year ago. Loss from operations was MYR 1,400,000 against profit from operations of MYR 213,000 a year ago. Loss before tax was MYR 12,333,000 against MYR 3,168,000 a year ago. Loss attributable to equity holders of the company was MYR 12,390,000 or 5.27 sen per basic share against MYR 3,229,000 or 1.37 sen per basic share a year ago. Net cash used in operating activities was MYR 601,000 against net cash generated from operating activities of MYR 531,000 a year ago. Purchase of property, plant and equipment was MYR 354,000 against MYR 499,000 a year ago. The decrease in revenue for the current period under review was mainly due to lower advertising income reported by SunMedia. The higher pre-tax loss incurred for the period was mainly due to impairment of MYR 9.5 million of publishing rights.