Media Chinese International's 3Q net profit plunges 59.17% to RM5.58 million on lower revenue

News Snapshot:

Media Chinese International Ltd's net profit for the third quarter ended Dec 31, 2020 (3QFY21) plunged 59.17% to RM5.58 million, from RM13.66 million a year ago, amid a 44.05% fall in revenue to RM126.39 million, from RM225.88 million a year ago. The group said in a bourse filing that for the cumulative nine months ended Dec 31, 2020, it slipped into the red with a net loss of RM14.1 million, from a net profit of RM35.55 million a year earlier, as its revenue plummeted 57.14% to RM345.68 million, from RM806.45 million. The group did not declare any dividend for the...