Media Chinese 1Q profit slips 26% on lower publishing and printing revenue

Media Chinese 1Q profit slips 26% on lower publishing and printing revenue

The Edge Markets - Malaysia·2019-08-28 22:21

KUALA LUMPUR (Aug 28): Declining revenue from publishing and printing, and the travel segment hurt Media Chinese International Ltd in the first quarter ended June as earnings fell by a fourth to RM9.36 million against RM12.6 million a year ago.

A weaker ringgit and Canadian dollar (against the greenback) also had an impact of approximately US$1.63 million on Group turnover and US$127,000 on Group profit before income tax, said Media Chinese in a filing with Bursa Malaysia today.

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