Wednesday, August 23, 2017

Guardian Media records $267,000 loss *


LOCAL media house Guardian Media Ltd (GML) has reported an after-tax loss of $267,000 for the six months ending June 30, 2017, compared with a profit of $2.25 million for the same period in 2016, according to the company's unaudited financial results released on Thursday.

The media house's third party revenue for the period January to June 2017 declined by 6.6 per cent to $71.8 million from $76.8 million for the same period last year.

The company recorded a before-tax profit of $269,000 for the first six months of 2017, compared with before-tax profit of $3.2 million-a decline of 91.6 per cent.

 

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