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Friday, May 23, 2008

Star News Update: Q1'08 Financial Announment

Star Publications Q1 net profit up 23.4% to RM42.5m



Hightlight:
Q1's financial performance was the best the company has registered to date.

Advertising expenditure is also projected to register slower growth in 2008 compared with 2007.

For FY07, the group posted a net profit of RM168.9mil, or 22.9 sen a share, compared with RM161.1mil, or 21.81 sen a share, FY06.

Revenue in FY07 rose to RM805.9mil from RM723.6mil while pre-tax profit improved to RM223.4mil from RM195.2mil in FY06.

Outlook: Not given.

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