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Mynews Shares Drop After Analyst Downgrades

Por: MarketWatch Business March 31, 2023

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Mynews said late Thursday that net loss for the three months ended Jan. 31 narrowed to MYR3.21 million ($725,834) from loss of MYR7.86 million a year ago. Mynews slipped back into the red after posting net profit of MYR1.37 million in the previous quarter. Revenue jumped 32% due to higher contributions from new outlets, longer business hours and higher in-store sales. Despite higher revenue, Mynews was weighed by higher cost of sales and... + full article



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