Amazon amazes Wall Street with huge profits, optimistic outlook
Amazon.com Inc's march in retail and cloud computing showed no sign of slowing on Thursday, as the company reported a surge in first-quarter profit and a rosy outlook for the spring, surprising all but the most optimistic on Wall Street.
KUALA LUMPUR (Aug 17): Star Media Group Bhd's net profit plummeted 83.4% to RM1.41 million in the second quarter ended June 30, 2018 (2QFY18) from RM8.51 million a year ago, as the print and digital segment saw a drop in momentum in advertising spending after the 14th general election.
Earnings per share also came in lower at 0.19 sen for 2QFY18 compared with 1.15 sen for 2QFY17. Quarterly revenue also fell 15.1% to RM99.49 million from RM117.16 million a year ago.