2 days ago
SMG posts a small profit in second quarter
SMG said the group continues to actively pursue opportunities for revenue diversification and sustainable profitability growth.
PETALING JAYA: Star Media Group Bhd (SMG) has posted a pre-tax profit of RM0.3mil for its second quarter (2Q25) from a profit of RM7.6mil in 2Q24 mainly due to the completion of progress billings for its units sold under its Star Business Hub development.
Looking forward, SMG said the shifts in US foreign policy and geopolitical tensions continue to present a challenging outlook for the media industry in 2025.
'The US tariff war has impacted global trade flows and economic sentiment.
'These developments will impede economic recovery and increase cost-of- living pressures, thus hindering the industry's prospects.
'Despite these macroeconomic headwinds and continued disruptive trends, the group remains confident of its resilience and adaptability.
'The group continues to offer creative media solutions to clients and practise disciplined cost management.
'Leveraging on a strong financial foundation, the group continues to actively pursue opportunities for revenue diversification and sustainable profitability growth,' said SMG in a filing with Bursa Malaysia.
For 2Q25, SMG posted a revenue of RM51.5mil, a decrease of 31% compared to 2Q24. Its print, digital and events segment saw revenue for 2Q25 dip by 2% to RM42.1mil from RM43.1mil in 2Q24, but a higher pre-tax profit of RM2.7mil to a pre-tax profit of RM1mil in 2Q24 for better operating cost control.
Its radio broadcasting division saw revenue rise by 2% to RM6.4mil in 2Q25 from RM6.3mil in 2Q24 while the segment recorded a higher pre-tax profit of RM0.23mil in 2Q25 compared to a pre-tax profit of RM0.19mil in 2Q24.
Its property development and investment arm recorded a revenue of RM4.4mil, a decline of 83% compared with the RM25.6mil recorded in 2Q24, resulting in a lower pre-tax profit of RM2.3mil compared to RM10.6mil in 2Q24.
The decline was primarily due to higher progress billings from the Star Business Hub project for units sold in 2Q24.
For the first half of its current financial year, SMG posted a revenue of RM110.9mil, a 13% decline compared to the same period last year.
Pre-tax profit was RM1mil in the first half of 2025 compared with RM7.4mil in the first half of 2024.
