Market Data

SMG’s Expansion into Property Sector Boosts Revenue and Profitability

PETALING JAYA: Star Media Group Bhd (SMG) reported a notable rise in pre-tax profit, reaching RM5.5 million in the fourth quarter of 2023 (4Q23), compared to RM1.7 million in the same quarter last year. This increase was largely due to the sale of an investment property valued at RM6.5 million. Despite this, the group's total revenue for 4Q23 saw a 7% decline, amounting to RM55.1 million compared to...

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