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Star Media Group slips into the red in 4Q with net loss of RM15.7m

Star Media Group Bhd posted a net loss of RM15.71 million or loss per share of 2.16 sen for the fourth quarter ended Dec 31, 2020 (4QFY20), from a net profit of RM230,000 a year ago, largely due to lower print revenue and an RM11.98 million impairment of assets.

Star Media Group looks to digital segment for revenue growth

(SMG), after launching a number of new digital products and platforms last year to further reach out to its audiences, expects revenue growth from its digital segment to continue despite the soft and challenging market conditions brought about by the Covid-19 pandemic and the movement control order (MCO). In a filing with Bursa Malaysia when it released its fourth quarter and full-year financial results, SMG said the group will focus on using new technologies and analytics to improve, deepen and predict how its customers consume content with the end goal of increasing engagement and monetisation to drive new revenue streams beyond print.

Alex Yeow is Star Media Group's new Group CEO

AMMB, Top Glove, AAX, Sapura Energy, RHB, CIMB, HLB, Affin Bank, TNB, MAHB, FGV, Maxis, Hengyuan, MMC Corp, Serba Dinamik, Star Media Group and DNeX

Star Media Group looks at digital segment for revenue growth