Brief: Modern Media sees FY net profit in range of about 10-20 pct of last year's net profit

Meta Media Holdings

15/02/2017 10:01

Feb 15 (Reuters) - Modern Media Holdings Ltd  0072.HK  
    * For year ended 31 Dec 2016 profit attributable to owners 
of co is expected to be in range of about 10% to 20% of that for 
year ended 31 Dec 2015 
    * Expected result due to reduction in advertising revenue 
attributable to continuous weakening local consumption in luxury 
and retail segments in PRC 
    * Group formulated a series of cost control measures for 
implementation in second half of FY2016 including reduction of 
headcount 
    * Financial performance for second half of FY2016 improved 
to a significant extent as compared to that of six months ended 
30 June 2016 
 
Source text for Eikon:  ID:nHKS48PfJ8  
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