KUALA LUMPUR (Feb 26): Media Prima Bhd posted a net loss of RM104.46 million in the fourth quarter ended Dec 31, 2019 versus net profit of RM79.20 million a year earlier, due mainly to exceptional items in respect of the provision for termination benefits that is part of the restructuring exercise.
It is regrettable to retrench staffs. However the changing times need new ways of doing things. Our world has changed into digital technologies and this fact cannot be avoided. Almost every company is changing too. Media Prima need to stay competitive, henceforth changes just has to come sooner or later.
As at AR 2018, number of employees are 3897. Ist retrenchment of 543 employees done already. Next batch is 300 employees as according to the latest news. Hence number of staffs remaining is estimated to be 3000.
Nowadays, lots of advertisements in Media Prima, that is the new normal due to fear to go see movies in cinemas. Go to U Tube, see Drama Sangat TV3, lots of good Malay dramas with lots of advertisements too, even Alibaba Cloud advertise in TV3 U tube
Media Prima new business turnaround plan post-2019 under SM already showing improvement financial results in 1st quarter and much better results for 2nd quarter in terms of operations expenses and increasing revenues from home shopping and digital media
people judge themself. no need to read what other ppl type. Some can put positive word wome can put negative word. Just dont read . U have a choice. This is a forum, not your account
TV 7,8 and 9 are like a virtual shopping mall, just move your fingers and start your online shopping. That's why Media is rank number 3 after Google and Facebook in terms of viewers popularity.
With the increased of viewers in Media by 232% ( from MDA), the intensity of advertisements also increased tremendously. This will gives more revenue for Media Prima.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
johotin88
385 posts
Posted by johotin88 > 2020-06-02 13:12 | Report Abuse
No buying signal. Better don't waste your bullets here.