Otosan Meloya kekalkan prestasi buruk

freebird

Utusan Melayu continues losing streak with 1Q net loss at RM19.97m
By Sulhi Azman / theedgemarkets.com   | May 21, 2015 : 6:51 PM MYT   

KUALA LUMPUR (May 21): Utusan Melayu Malaysia Bhd — in which UMNO has a 49.77% stake held via RHB Nominees Tempatan Sdn Bhd — continued bleeding losses in its first quarter ended March 31, 2015 (1QFY15), when net losses widened to RM19.97 million or 18.03 sen per share, from RM19.81 million or 17.89 sen per share in 1QFY14, on lower circulation of its newspapers and magazines.

Revenue in 1QFY15 dropped 11.6% to RM57.85 million, from RM65.42 million a year ago, from lower circulation of its newspapers and magazines. There was also a 1.7% drop in its advertising revenue, its filing to Bursa Malaysia today showed.

Revenue from the circulation of newspapers was down by 12.6%, it noted.

“Nevertheless, the group recorded a lower loss before tax (LBT) of RM19.7 million, as compared with a LBT of RM21.8 million for the corresponding quarter last year, as a result of a reduction in total costs by 13.7%. Employee benefits expenses decreased by RM7.1 million, mainly due to a voluntary separation scheme exercise implemented by a subsidiary company last year,” it said.

On outlook, Utusan Melayu expects to continue facing challenges this year, given the on-going issues affecting consumer sentiments like the implementation of goods and services tax (GST), and the weakening ringgit against other major currencies.

“Nevertheless, we will continue to strengthen our core business, amidst strategies to seek new revenue streams to expand our business portfolios. Newspapers’ content improvements are undertaken and creative packages for advertisements are offered in our effort to increase readership and revenue,” it said.

Utusan Melayu (fundamental: 0.2; valuation: 0.9) added it is also exploring fund raising proposals to address the capital requirements to venture into other businesses.

It is worth noting Utusan Melayu had on August 27 last year, aborted its proposal to raise up to RM75.299 million via a renounceable two-call rights issue.

Utusan Malaysia has been loss-making for the past three years, since financial year ended Dec 31, 2012 (FY12). According to its latest annual reports, its accumulated losses until Dec 31, 2014 stood at RM63.48 million.

The stock closed 3.76% or 2.5 sen higher at 69 sen today, with 28,700 shares traded, bringing its market capitalisation to RM76.41 million.

golongan makcik pakcik felda pprt semakin berkurangan, nak carik pembaca dari mana lagi lepas ni?
asyik kena saman je...

pyropura

Pejabat gomen lah dipaksa melanggan Utusucks, demi mulindungi benteng turakhir mulayoo

bluehedgehog

apa kata kita paksa setiap ahli ameno wajib beli setiap hari?
3juta naskah tau

sgbuloh

abih tu kalau dah suratkabar rasmi umno yang penuh petnah dan putar belit isu politik tu camana nak expect untung?

sendiri mau hengat ler.

jangan jadi maslan buat2 tak paham pulak.

R2D2

kalau tak ramai nk baca
mcm mana la pengiklan nk iklankan produk dlm UM

asher

apekah otosan akan di bailout ?

cemolot

someone told me, berita palng betul dalam otoseks ni hanyalah keputusan no ekor je

ifanonline

bluehedgehog replied at 22-5-2015 02:20 PM
apa kata kita paksa setiap ahli ameno wajib beli setiap hari?
3juta naskah tau

depa pun tak mau beli...

ifanonline

kalu letak gambar2 lucah melayu cam artis2 baru nak naik...mungkin laku...

Nesta13

kahkah... bleeding losses..

kalo takde pejabat gomen agak2 mampos terus...

vandergooh

share utusan bukan dah jual pada harakah PAS ker..? sebab hari2 berita puji melangit haji hadi....

MengkuduMasam

kalo xdiwajibkan department dlm gomen beli utusan nih.. dah lame melingkup

famri7

apa susah wajibkan skolah kurajaan langgan untuk sumber ilmiah katanya....sambil2 tuh boleh la kroni kaut duit haram laknat.macam x biasa pula

ice_sky92

Selayaknyalah.

dodolgemok

mana nak bayar saman lagi,mana nak kena sponsor PAU lagi,mana nak sapu bontot lagi.mana tak bankrupt dibuatnya,selayaknyalah!

sabbath_shalom

Boleh lipat gini..boleh lipat gini...boleh lipat cenggini