KUALA LUMPUR: Berjaya Media Bhd, which publishes theSun newspaper, posted a net loss of RM5.2 million for the third quarter ended Jan 31, 2015 (3QFY15) compared to a net profit of RM1.44 million a year ago, on lower advertising income.

Loss per share was 2.21 sen in 3QFY15 compared with an earnings per share (EPS) of 0.61 sen a year ago. Berjaya Media’s (fundamental: 2.35; valuation: 1.2) revenue for 3QFY15 fell 17.8% to RM13.29 million from RM16.17 million in 3QFY14.

For the nine-month period FY15 (9MFY15), it recorded a net loss of RM3.23 million or loss per share of 1.37 sen compared to a net profit of RM3.96 million or 1.7 sen EPS a year ago. Revenue was 6.62% lower at RM42.61 million in 9MFY15 from RM45.63 million in 9MFY14.

Berjaya Media said it continues to operate in a competitive business environment and will continue to focus on improving its advertising revenue.

“The directors are of the view that the group’s business for the remaining quarter of the financial year ending April 30, 2015 will continue to be challenging,” it said in a filing with Bursa Malaysia yesterday.

Berjaya Media shares closed unchanged at 41.5 sen yesterday, with a market capitalisation of RM97.56 million.

The Edge Research’s fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.

This article first appeared in The Edge Financial Daily, on March 13, 2015.