Media Prima narrows 3Q losses despite lower revenue as operating expenses decline
KUALA LUMPUR (Nov 21): Media Prima Bhd narrowed its net loss in the third quarter ended Sept 30, 2019 to RM24.16 million from RM30.71 million a year ago, despite a continued decline in revenue, as it reduced operating expenses, with loss from operations declining 28%.
Its stock exchange filing showed a 2% fall in revenue during the quarter to RM265.55 million from RM271.8 million a year ago, which was mitigated by a 5% retreat in operating expenses to RM288.35 million from RM302.74 million. Loss from operations went down to RM19.69 million from RM27.3 million.……
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