Star Media's 1Q net profit rises 70%

KUALA LUMPUR (May 16): Star Media Group Bhd's net profit rose 70.33% to RM11.32 million for the first quarter ended March 31, 2018 (1QFY18) from RM6.65 million a year ago, due to better cost management and lower depreciation expenses.

However, its revenue declined 8.07% to RM109.03 million against RM118.61 million in the same period last year.