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Tajuk : Berjaya Media falls into PN17; 4Q net loss jumps near 4 times
link : Berjaya Media falls into PN17; 4Q net loss jumps near 4 times

Berjaya Media falls into PN17; 4Q net loss jumps near 4 times

KUALA LUMPUR (June 21): Berjaya Media Bhd (BMedia), which publishes TheSun newspaper, reported today that its fourth quarter net loss has approximately quadrupled and that it has slipped into Practice Note 17 (PN17) status.

“Based on the unaudited interim financial results for 4QFY17, the shareholders’ equity of BMedia on a consolidated basis of less than RM40 million represented 25% or less of its issued capital. Hence, BMedia is now regarded as a PN17 company,” the group said in a Bursa Malaysia filing.

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