Media’s annual loss narrowed
Media (282) announced its annual results as of the end of March. The revenue for the period was 1.304 billion yuan, down 12.8% year-on-year. The loss attributable to shareholders narrowed to 338 million yuan, compared with 476 million yuan in the previous year. The basic loss per share was 13.1 cents. In terms of segment results, the digital business recorded a loss of 212 million yuan, compared with only 44.6 million yuan in the previous year; the printing business lost 130 million yuan, and the previous year’s loss was 435 million yuan, mainly affected by the slowdown in market economy growth and fierce competition in online programmatic advertising. This in turn led to a significant drop in print advertising revenue.
The group said that at the historic year of entering the media, the Group has made every preparation to capture emerging opportunities with bold spirit, innovative ways of thinking and flexible methods, focusing on creating outstanding content, providing information to readers and attracting them. Readers and benefit the reader. Yu Media closed at 0.35 yuan yesterday, up 11%, with a turnover of 17.42 million yuan.