<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on May 16, 2018</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Media Chinese International Ltd has warned that it is expecting to record a loss for the financial year ended March 31, 2018 (FY18), mainly due to a provision of the impairment of goodwill in relation to a business unit of the group.</p></div>

<div class=newsTextDataWrapInner><p>This was based on a preliminary assessment by the board of directors on the currently available information, the group said in a filing with Bursa Malaysia yesterday.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The above information may be subject to further adjustment based on further updated information and following the completion of the audit by the company’s independent auditor,” it added.</p></div>

<div class=newsTextDataWrapInner><p>Media Chinese said the detailed financial information and performance of the group will be disclosed in late May.</p></div>

<div class=newsTextDataWrapInner><p>For FY17, the group reported a net profit of RM67 million.</p></div>

<div class=newsTextDataWrapInner><p>Media Chinese’s share price closed unchanged at 31.5 sen yesterday, with 312,300 shares traded.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR: Media Chinese International Ltd has warned that it is expecting to record a loss for the financial year ended March 31, 2018 (FY18), mainly due to a provision of the impairment of goodwill in relation to a business unit of the group.

This was based on a preliminary assessm...

Media Chinese warns of loss in FY18

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